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
$455
$575
$520
$685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
trade
-
-
-
165
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.

-
-
-
439
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.

-
-
-
74
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.

-
-
-
24
total
-
-
-
702
Employee

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

414
-
1 550
-
health

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

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

74
-
74
-
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
-
24
-
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.

12
-
439
-
total
87
-
537
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 136
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.

9
13
-
-
income
170
232
-
-
trade
179
244
-
-
chamber of commerce
3
4
-
-
total
361
493
-
-
Dividends
774
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
189
260
-
-
total
199
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
647
767
537
702
After tax
903
783
1 013
848
Living cost
328
328
328
328
Free-cash
575
455
685
520

Estimated living cost  is $328 per week

$206
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.
$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

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
$420
$411
$374
$386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
167
pensions
-
-
-
186
national
-
-
-
259
social contributions
-
-
-
17
total
-
-
-
629
Employee
848
-
1 340
-
municipal
105
-
173
-
pensions
34
-
54
-
national
162
-
269
-
total
301
-
496
-
Employer
848
-
1 340
-
social contributions
9
-
14
-
pensions
68
-
107
-
total
77
-
121
-
Corporate
569
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%.

114
310
-
-
total
114
310
-
-
Dividends
455
1 240
-
-
withholding
100
273
-
-
total
100
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
592
583
617
629
After tax
958
967
933
921
Living cost
547
547
547
547
Free-cash
411
420
386
374

Estimated living cost  is $547 per week

$372
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.
$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.
$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

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
$1015
$927
$266
$644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
income
-
-
-
249
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.

-
-
-
415
total
-
-
-
1 059
Employee
317
-
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.

35
-
137
-
surtax
-
-
-
-
income
56
-
243
-
total
91
-
380
-
Employer
317
-
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.

76
-
301
-
surtax
-
-
-
-
total
76
-
301
-
Corporate
1 157
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%.

231
310
-
-
total
231
310
-
-
Dividends

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

926
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
398
310
681
1 059
After tax
1 152
1 240
869
491
Living cost
225
225
225
225
Free-cash
927
1 015
644
266

Estimated living cost  is $225 per week

$144
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$308
$243
$426
$475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
670
Employee
925
925
1 349
-
health
142
121
134
-
income

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

151
151
159
-
pensions
166
127
127
-
total
459
399
420
-
Employer
925
925
1 349
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
474
463
-
-
income
95
93
-
-
total
95
93
-
-
Dividends
380
370
-
-
income
81
79
-
-
withholding
57
56
-
-
total
138
135
-
-
Income
1 550
1 550
1 550
1 550
Total tax
853
788
621
670
After tax
697
762
929
880
Living cost
454
454
454
454
Free-cash
243
308
475
426

Estimated living cost  is $454 per week

$322
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.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$428
$419
$396
$387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
383
accident
-
-
-
2
pensions
-
-
-
99
other
-
-
-
107
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
87
total
-
-
-
736
Employee
596
-
1 262
-
municipal
178
-
376
-
national
-
-
81
-
total
178
-
457
-
Employer
596
-
1 262
-
accident
1
-
2
-
other
69
-
107
-
unemployment
16
-
24
-
pensions
64
-
99
-
health
37
-
56
-
total
187
-
288
-
Corporate
766
1 550
-
-
income
169
341
-
-
total
169
341
-
-
Dividends
598
1 209
-
-
withholding
179
363
-
-
total
179
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
713
704
745
736
After tax
837
846
805
814
Living cost
418
418
418
418
Free-cash
419
428
387
396

Estimated living cost  is $418 per week

$277
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.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$350
$500
$416
$588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
trade
-
-
-
172
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.

-
-
-
439
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.

-
-
-
74
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.

-
-
-
24
total
-
-
-
709
Employee

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

549
-
1 550
-
health

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

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

74
-
74
-
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
-
24
-
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.

47
-
439
-
total
124
-
537
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 001
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.

8
13
-
-
income
150
232
-
-
trade
165
255
-
-
chamber of commerce
3
4
-
-
total
326
504
-
-
Dividends
675
1 046
-
-
surtax

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

9
14
-
-
withholding
165
257
-
-
total
174
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
624
775
537
709
After tax
926
775
1 013
841
Living cost
426
426
426
426
Free-cash
500
350
588
416

Estimated living cost  is $426 per week

$285
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.
$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 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
$782
$737
$726
$713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
258
health
-
-
-
40
social contributions
-
-
-
175
total
-
-
-
473
Employee
833
833
1 430
-
social contributions
40
69
93
-
health
8
14
24
-
income
87
77
250
-
total
135
160
367
-
Employer
833
833
1 430
-
social contributions
40
69
93
-
health
9
15
26
-
total
49
84
119
-
Corporate
1 013
633
-
-
income
127
79
-
-
total
127
79
-
-
Dividends
886
553
-
-
withholding
151
94
-
-
total
151
94
-
-
Income
1 550
1 550
1 550
1 550
Total tax
462
417
486
473
After tax
1 088
1 133
1 064
1 077
Living cost
351
351
351
351
Free-cash
737
782
713
726

Estimated living cost  is $351 per week

$240
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 Limassol model

Close
Budapest , Hungary
$674
$679
$877
$701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
155
unemployment
-
-
-
23
health
-
-
-
109
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.

284
113
1 297
-
health
20
8
91
-
income
35
14
159
-
pensions
28
11
130
-
unemployment
4
2
19
-
total
87
35
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.

284
113
1 297
-
pensions
55
22
253
-
total
55
22
253
-
Corporate
1 211
1 415
-
-
income
109
127
-
-
total
109
127
-
-
Dividends
1 102
1 288
-
-
social contributions
214
250
-
-
withholding
209
245
-
-
total
423
495
-
-
Income
1 550
1 550
1 550
1 550
Total tax
674
679
652
476
After tax
876
871
898
1 074
Living cost
197
197
197
197
Free-cash
679
674
701
877

Estimated living cost  is $197 per week

$134
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$978
$911
$569
$631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
310
health
-
-
-
201
total
-
-
-
719
Employee
307
-
1 158
-
income
35
-
223
-
pensions
6
-
23
-
unemployment
5
-
19
-
total
46
-
265
-
Employer
307
-
1 158
-
unemployment
2
-
9
-
pensions
61
-
232
-
health
40
-
151
-
total
103
-
392
-
Corporate
1 139
1 550
-
-
income
228
310
-
-
total
228
310
-
-
Dividends
911
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
377
310
657
719
After tax
1 173
1 240
893
831
Living cost
262
262
262
262
Free-cash
911
978
631
569

Estimated living cost  is $262 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$111
$89
$824
$593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
414
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
489
Employee
373
-
1 375
-
health
43
-
157
-
income
51
-
305
-
pensions
42
-
82
-
total
136
-
544
-
Employer
373
-
1 375
-
accident
6
-
23
-
unemployment
9
-
34
-
pensions
61
-
119
-
total
76
-
176
-
Corporate
1 101
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.

991
1 395
-
-
total
991
1 395
-
-
Dividends
110
155
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 224
1 424
720
489
After tax
326
126
830
1 061
Living cost
237
237
237
237
Free-cash
89
-111
593
824

Estimated living cost  is $237 per week

$174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1375
$1358
$1438
$1143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
122
-
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%.

1 428
1 550
-
-
total
-
-
-
-
Dividends
1 428
1 550
-
-
withholding
71
78
-
-
total
71
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
78
310
15
After tax
1 455
1 472
1 240
1 535
Living cost
97
97
97
97
Free-cash
1 358
1 375
1 143
1 438

Estimated living cost  is $97 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$849
$775
$534
$599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
213
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
other
-
-
-
74
health
-
-
-
68
total
-
-
-
727
Employee
393
-
1 238
-
health
6
-
17
-
income
68
-
235
-
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.

28
-
87
-
unemployment
4
-
12
-
total
106
-
351
-
Employer
393
-
1 238
-
accident
3
-
10
-
other
20
-
62
-
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.

67
-
210
-
health
6
-
17
-
total
100
-
311
-
Corporate
1 058
1 550
-
-
income
222
326
-
-
total
222
326
-
-
Dividends
836
1 224
-
-
withholding
58
86
-
-
total
58
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
486
412
662
727
After tax
1 064
1 138
888
823
Living cost
289
289
289
289
Free-cash
775
849
599
534

Estimated living cost  is $289 per week

$204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
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.
$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 Bratislava model

Close
London , United Kingdom
$326
$286
$329
$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
-
-
-
404
pensions
-
-
-
90
total
-
-
-
494
Employee
1 028
-
1 357
-
health
17
-
21
-
income
185
-
309
-
pensions
99
-
114
-
total
301
-
444
-
Employer
1 028
-
1 357
-
pensions
121
-
167
-
health
20
-
26
-
total
141
-
193
-
Corporate
381
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.

72
295
-
-
total
72
295
-
-
Dividends
308
1 255
-
-
withholding
23
202
-
-
total
23
202
-
-
Income
1 550
1 550
1 550
1 550
Total tax
537
497
637
494
After tax
1 013
1 053
913
1 056
Living cost
727
727
727
727
Free-cash
286
326
186
329

Estimated living cost  is $727 per week

$545
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1183
$1132
$1074
$1132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
334
Employee
188
-
1 476
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
148
-
pensions

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

17
-
33
-
total
47
-
202
-
Employer
188
-
1 476
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 325
1 550
-
-
income
132
155
-
-
total
132
155
-
-
Dividends
1 192
1 395
-
-
withholding
60
70
-
-
total
60
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
276
225
276
334
After tax
1 274
1 325
1 274
1 216
Living cost
142
142
142
142
Free-cash
1 132
1 183
1 132
1 074

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$161
$189
$279
$328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
pensions
-
-
-
127
health
-
-
-
134
total
-
-
-
670
Employee
1 004
925
1 349
-
health
125
121
134
-
income

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

151
151
159
-
pensions
127
127
127
-
total
403
399
420
-
Employer
1 004
925
1 349
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
370
463
-
-
income
74
93
-
-
total
74
93
-
-
Dividends
296
370
-
-
income
63
79
-
-
withholding
44
56
-
-
total
107
135
-
-
Income
1 550
1 550
1 550
1 550
Total tax
760
788
621
670
After tax
790
762
929
880
Living cost
601
601
601
601
Free-cash
189
161
328
279

Estimated living cost  is $601 per week

$443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$808
$716
$564
$528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
145
health
-
-
-
209
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
727
Employee
382
-
1 157
-
social contributions
25
-
75
-
health
52
-
156
-
solidarity contribution
-
-
-
-
income
46
-
139
-
total
123
-
370
-
Employer
382
-
1 157
-
social contributions
95
-
289
-
health
34
-
104
-
total
129
-
393
-
Corporate
1 039
1 550
-
-
income
197
295
-
-
total
197
295
-
-
Dividends
841
1 255
-
-
withholding
126
188
-
-
total
126
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
575
483
763
727
After tax
975
1 067
787
823
Living cost
259
259
259
259
Free-cash
716
808
528
564

Estimated living cost  is $259 per week

$180
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.
$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.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$370
$313
$305
$231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
18
national
-
-
-
362
social contributions
-
-
-
399
total
-
-
-
788
Employee
963
-
1 550
-
social contributions
325
-
523
-
regional
9
-
16
-
municipal
5
-
8
-
national
167
-
315
-
total
506
-
862
-
Employer
963
-
1 550
-
total
-
-
-
-
Corporate
587
1 550
-
-
nationa
141
372
-
-
municipal
23
60
-
-
total
164
432
-
-
Dividends
423
1 118
-
-
withholding
110
291
-
-
total
110
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
780
723
862
788
After tax
770
827
688
762
Living cost
457
457
457
457
Free-cash
313
370
231
305

Estimated living cost  is $457 per week

$319
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$736
$703
$497
$457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
368
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
52
total
-
-
-
814
Employee
358
-
1 280
-
other
-
-
-
-
health
9
-
33
-
surtax
1
-
46
-
income
60
-
331
-
pensions
24
-
85
-
unemployment
25
-
89
-
total
119
-
584
-
Employer
358
-
1 280
-
other
-
-
-
-
unemployment
11
-
41
-
pensions
48
-
171
-
health
16
-
58
-
total
75
-
270
-
Corporate
1 116
1 550
-
-
income
290
403
-
-
total
290
403
-
-
Dividends
826
1 147
-
-
withholding
124
172
-
-
total
124
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
608
575
854
814
After tax
942
975
696
736
Living cost
239
239
239
239
Free-cash
703
736
457
497

Estimated living cost  is $239 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$556
$578
$559
$416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
90
total
-
-
-
494
Employee
689
-
1 357
-
health
10
-
21
-
income
124
-
309
-
pensions
59
-
114
-
total
193
-
444
-
Employer
689
-
1 357
-
pensions
75
-
167
-
health
13
-
26
-
total
88
-
193
-
Corporate
773
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.

147
295
-
-
total
147
295
-
-
Dividends
626
1 255
-
-
withholding
47
202
-
-
total
47
202
-
-
Income
1 550
1 550
1 550
1 550
Total tax
475
497
637
494
After tax
1 075
1 053
913
1 056
Living cost
497
497
497
497
Free-cash
578
556
416
559

Estimated living cost  is $497 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$111
$242
$451
$374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
16
pensions
-
-
-
143
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
-
-
-
68
health
-
-
-
3
national
-
-
-
19
total
-
-
-
280
Employee
958
-
1 387
-
city
10
-
15
-
regional
31
-
59
-
health
2
-
3
-
pensions
80
-
117
-
unemployment
-
-
-
-
national
5
-
15
-
total
128
-
209
-
Employer
958
-
1 387
-
other

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

19
-
28
-
unemployment
-
-
-
-
pensions
80
-
117
-
health
2
-
3
-
total
101
-
148
-
Corporate
480
1 550
-
-
regional
101
328
-
-
national
41
132
-
-
total
142
460
-
-
Dividends
337
1 090
-
-
withholding
118
382
-
-
total
118
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
489
842
357
280
After tax
1 061
708
1 193
1 270
Living cost
819
819
819
819
Free-cash
242
-111
374
451

Estimated living cost  is $819 per week

$532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$73
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.
$203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$270
$446
$338
$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

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

-
-
-
1 550
trade
-
-
-
179
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.

-
-
-
439
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.

-
-
-
74
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.

-
-
-
24
total
-
-
-
716
Employee

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

651
-
1 550
-
health

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

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

74
-
74
-
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.

4
-
24
-
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.

77
-
439
-
total
155
-
537
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
899
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.

7
13
-
-
income
135
232
-
-
trade
154
266
-
-
chamber of commerce
3
4
-
-
total
299
515
-
-
Dividends
600
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.

8
14
-
-
withholding
146
255
-
-
total
154
269
-
-
Income
1 550
1 550
1 550
1 550
Total tax
608
784
537
716
After tax
942
766
1 013
834
Living cost
496
496
496
496
Free-cash
446
270
517
338

Estimated living cost  is $496 per week

$362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$410
$475
$509
$521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
214
pensions
-
-
-
310
other
-
-
-
48
health
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
670
Employee
464
-
1 221
-
social contributions
13
-
35
-
surtax
-
-
-
-
income
27
-
218
-
pensions
52
-
76
-
total
92
-
329
-
Employer
464
-
1 221
-
other
16
-
44
-
social contributions
1
-
4
-
unemployment
19
-
49
-
pensions
76
-
130
-
health
32
-
102
-
total
144
-
329
-
Corporate
942
1 550
-
-
surtax
-
-
-
-
income
264
434
-
-
total
264
434
-
-
Dividends
678
1 116
-
-
surtax
-
-
-
-
social contributions
117
192
-
-
withholding
87
143
-
-
total
204
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
704
769
658
670
After tax
846
781
892
880
Living cost
371
371
371
371
Free-cash
475
410
521
509

Estimated living cost  is $371 per week

$234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$447
$507
$546
$558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
214
pensions
-
-
-
310
other
-
-
-
48
health
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
670
Employee
414
-
1 221
-
social contributions
12
-
35
-
surtax
-
-
-
-
income
21
-
218
-
pensions
47
-
76
-
total
80
-
329
-
Employer
414
-
1 221
-
other
14
-
44
-
social contributions
1
-
4
-
unemployment
17
-
49
-
pensions
68
-
130
-
health
29
-
102
-
total
129
-
329
-
Corporate
1 007
1 550
-
-
surtax
-
-
-
-
income
282
434
-
-
total
282
434
-
-
Dividends
725
1 116
-
-
surtax
-
-
-
-
social contributions
125
192
-
-
withholding
93
143
-
-
total
218
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
709
769
658
670
After tax
841
781
892
880
Living cost
334
334
334
334
Free-cash
507
447
558
546

Estimated living cost  is $334 per week

$194
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$716
$721
$766
$744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
108
social contributions
-
-
-
214
total
-
-
-
554
Employee
367
-
1 550
-
social contributions
51
-
214
-
health
26
-
108
-
income
61
-
254
-
total
138
-
576
-
Employer
367
-
1 550
-
total
-
-
-
-
Corporate
1 183
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%.

59
77
-
-
total
59
77
-
-
Dividends
1 124
1 473
-
-
health
78
103
-
-
social contributions
155
203
-
-
withholding
169
221
-
-
total
402
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
599
604
576
554
After tax
951
946
974
996
Living cost
230
230
230
230
Free-cash
721
716
744
766

Estimated living cost  is $230 per week

$154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$479
$464
$408
$28
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
income
-
-
-
355
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
2
total
-
-
-
760
Employee
541
432
1 202
-
other
5
4
12
-
health
21
17
47
-
income
62
32
284
-
pensions
55
44
123
-
unemployment
16
13
36
-
total
159
110
502
-
Employer
541
432
1 202
-
accident
7
6
16
-
other
26
20
57
-
chamber of commerce
2
2
5
-
unemployment
16
13
36
-
surtax
2
2
2
-
pensions
68
54
151
-
payroll
16
13
36
-
health
20
16
45
-
total
157
126
348
-
Corporate
851
992
1 161
-
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.

213
248
290
-
total
213
248
290
-
Dividends
638
744
-
-
withholding
175
205
-
-
total
175
205
-
-
Income
1 550
1 550
1 550
1 550
Total tax
704
689
1 140
760
After tax
846
861
410
790
Living cost
382
382
382
382
Free-cash
464
479
28
408

Estimated living cost  is $382 per week

$255
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.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$473
$311
$287
$171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
547
communal

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

-
-
-
78
social contributions
-
-
-
243
total
-
-
-
868
Employee

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

775
-
1 201
-
communal

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

40
-
63
-
health

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

36
-
56
-
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.

58
-
90
-
unemployment

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

7
-
10
-
national
238
-
415
-
total
379
-
634
-
Employer

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

775
-
1 201
-
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.

10
-
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.

11
-
18
-
surtax
88
-
136
-
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.

69
-
106
-
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.

48
-
74
-
total
226
-
350
-
Corporate
550
1 550
-
-
surtax
2
6
-
-
income
110
310
-
-
total
112
316
-
-
Dividends
438
1 234
-
-
withholding

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

127
366
-
-
total
127
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
844
682
984
868
After tax
706
868
566
682
Living cost
395
395
395
395
Free-cash
311
473
171
287

Estimated living cost  is $395 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$647
$566
$483
$432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
375
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
676
Employee
539
-
1 230
-
other
1
-
1
-
income
114
-
343
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
148
-
407
-
Employer
539
-
1 230
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
237
-
total
172
-
320
-
Corporate
839
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.

126
232
-
-
total
126
232
-
-
Dividends
713
1 318
-
-
withholding
147
280
-
-
total
147
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
593
512
727
676
After tax
957
1 038
823
874
Living cost
391
391
391
391
Free-cash
566
647
432
483

Estimated living cost  is $391 per week

$288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$338
$216
$218
$279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13
income
-
-
-
214
pensions
-
-
-
232
health
-
-
-
109
surtax
-
-
-
77
communal
-
-
-
98
total
-
-
-
743
Employee
820
-
1 385
-
health
37
-
62
-
surtax
50
-
85
-
income
79
-
259
-
pensions
66
-
111
-
total
232
-
517
-
Employer
820
-
1 385
-
accident
7
-
12
-
pensions
66
-
111
-
health
25
-
42
-
total
98
-
165
-
Corporate
632
1 550
-
-
surtax
7
16
-
-
communal
43
105
-
-
income
95
232
-
-
total
145
353
-
-
Dividends
488
1 197
-
-
income
197
91
-
-
withholding
73
179
-
-
total
270
270
-
-
Income
1 550
1 550
1 550
1 550
Total tax
745
623
682
743
After tax
805
927
868
807
Living cost
589
589
589
589
Free-cash
216
338
279
218

Estimated living cost  is $589 per week

$442
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.
$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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$732
$698
$493
$453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
368
pensions
-
-
-
289
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
103
surtax
-
-
-
52
total
-
-
-
814
Employee
365
-
1 280
-
other
-
-
-
-
health
9
-
33
-
surtax
1
-
46
-
income
61
-
331
-
pensions
24
-
85
-
unemployment
25
-
89
-
total
120
-
584
-
Employer
365
-
1 280
-
other
-
-
-
-
unemployment
12
-
41
-
pensions
49
-
171
-
health
17
-
58
-
total
78
-
270
-
Corporate
1 108
1 550
-
-
income
288
403
-
-
total
288
403
-
-
Dividends
820
1 147
-
-
withholding
123
172
-
-
total
123
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
609
575
854
814
After tax
941
975
696
736
Living cost
243
243
243
243
Free-cash
698
732
453
493

Estimated living cost  is $243 per week

$147
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
$523
$499
$465
$391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
23
national
-
-
-
362
social contributions
-
-
-
399
total
-
-
-
793
Employee
601
-
1 550
-
social contributions
203
-
523
-
regional
8
-
21
-
municipal
3
-
8
-
national
95
-
315
-
total
309
-
867
-
Employer
601
-
1 550
-
total
-
-
-
-
Corporate
949
1 550
-
-
nationa
228
372
-
-
municipal
47
77
-
-
total
275
449
-
-
Dividends
674
1 101
-
-
withholding
175
286
-
-
total
175
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
759
735
867
793
After tax
791
815
683
757
Living cost
292
292
292
292
Free-cash
499
523
391
465

Estimated living cost  is $292 per week

$181
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.
$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.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$747
$633
$503
$467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
145
health
-
-
-
209
solidarity contribution
-
-
-
-
social contributions
-
-
-
373
total
-
-
-
727
Employee
470
-
1 157
-
social contributions
31
-
75
-
health
63
-
156
-
solidarity contribution
-
-
-
-
income
56
-
139
-
total
150
-
370
-
Employer
470
-
1 157
-
social contributions
118
-
289
-
health
42
-
104
-
total
160
-
393
-
Corporate
920
1 550
-
-
income
175
295
-
-
total
175
295
-
-
Dividends
745
1 255
-
-
withholding
112
188
-
-
total
112
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
597
483
763
727
After tax
953
1 067
787
823
Living cost
320
320
320
320
Free-cash
633
747
467
503

Estimated living cost  is $320 per week

$238
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.
$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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$516
$513
$446
$65
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
income
-
-
-
355
pensions
-
-
-
234
unemployment
-
-
-
66
health
-
-
-
97
surtax
-
-
-
-
total
-
-
-
758
Employee
473
432
1 204
-
other
5
4
12
-
health
18
17
47
-
income
42
32
284
-
pensions
48
44
123
-
unemployment
14
13
36
-
total
127
110
502
-
Employer
473
432
1 204
-
accident
6
6
16
-
other
22
20
57
-
chamber of commerce
2
2
5
-
unemployment
14
13
36
-
surtax
-
-
-
-
pensions
59
54
151
-
payroll
14
13
36
-
health
18
16
45
-
total
135
124
346
-
Corporate
940
994
1 162
-
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.

235
249
291
-
total
235
249
291
-
Dividends
705
746
-
-
withholding
194
205
-
-
total
194
205
-
-
Income
1 550
1 550
1 550
1 550
Total tax
691
688
1 139
758
After tax
859
862
411
792
Living cost
346
346
346
346
Free-cash
513
516
65
446

Estimated living cost  is $346 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$1320
$1292
$1383
$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

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

-
-
-
1 550
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
190
-
1 550
-
income
38
-
310
-
total
38
-
310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 360
1 550
-
-
total
-
-
-
-
Dividends
1 360
1 550
-
-
withholding
68
78
-
-
total
68
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
106
78
310
15
After tax
1 444
1 472
1 240
1 535
Living cost
152
152
152
152
Free-cash
1 292
1 320
1 088
1 383

Estimated living cost  is $152 per week

$103
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.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$776
$686
$484
$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

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
-
-
-
337
pensions
-
-
-
283
unemployment
-
-
-
2
health
-
-
-
153
total
-
-
-
775
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.

479
-
1 341
-
health
31
-
87
-
income
83
-
311
-
pensions
74
-
208
-
unemployment
1
-
2
-
total
189
-
608
-
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.

479
-
1 341
-
unemployment
-
-
1
-
pensions
42
-
119
-
health
32
-
89
-
total
74
-
209
-
Corporate
996
1 550
-
-
income
189
295
-
-
total
189
295
-
-
Dividends
807
1 255
-
-
withholding
121
188
-
-
total
121
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
573
483
817
775
After tax
977
1 067
733
775
Living cost
291
291
291
291
Free-cash
686
776
442
484

Estimated living cost  is $291 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$475
-$67
$603
$939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
671
-
-
-
social contributions
55
-
8
-
income
148
-
-
-
total
203
-
8
-
Employer
671
-
-
-
social contributions
946
-
135
-
total
946
-
135
-
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
1 149
607
143
479
After tax
401
943
1 407
1 071
Living cost
468
468
468
468
Free-cash
-67
475
939
603

Estimated living cost  is $468 per week

$303
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$541
$531
$502
$396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
169
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
708
Employee
498
-
1 253
-
social contributions
55
-
138
-
surtax
-
-
-
-
income
104
-
379
-
total
159
-
517
-
Employer
498
-
1 253
-
social contributions
118
-
297
-
total
118
-
297
-
Corporate
934
1 550
-
-
surtax
-
-
-
-
income
196
326
-
-
total
196
326
-
-
Dividends
737
1 224
-
-
withholding
206
343
-
-
total
206
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
679
669
814
708
After tax
871
881
736
842
Living cost
340
340
340
340
Free-cash
531
541
396
502

Estimated living cost  is $340 per week

$254
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$258
$334
$357
$369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
214
pensions
-
-
-
310
other
-
-
-
48
health
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
670
Employee
678
-
1 221
-
social contributions
19
-
35
-
surtax
-
-
-
-
income
59
-
218
-
pensions
77
-
76
-
total
155
-
329
-
Employer
678
-
1 221
-
other
23
-
44
-
social contributions
2
-
4
-
unemployment
27
-
49
-
pensions
111
-
130
-
health
47
-
102
-
total
210
-
329
-
Corporate
660
1 550
-
-
surtax
-
-
-
-
income
185
434
-
-
total
185
434
-
-
Dividends
475
1 116
-
-
surtax
-
-
-
-
social contributions
82
192
-
-
withholding
61
143
-
-
total
143
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
693
769
658
670
After tax
857
781
892
880
Living cost
523
523
523
523
Free-cash
334
258
369
357

Estimated living cost  is $523 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1069
$1032
$828
$869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
55
social contributions
-
-
-
341
total
-
-
-
396
Employee
348
-
1 342
-
income
-
-
60
-
social contributions
23
-
87
-
total
23
-
147
-
Employer
348
-
1 342
-
social contributions
54
-
208
-
total
54
-
208
-
Corporate
1 148
1 550
-
-
income
115
155
-
-
total
115
155
-
-
Dividends
1 033
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
192
155
355
396
After tax
1 358
1 395
1 195
1 154
Living cost
326
326
326
326
Free-cash
1 032
1 069
869
828

Estimated living cost  is $326 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-$811
-$811
$414
-$811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
312
pensions
-
-
-
9
national
-
-
-
170
labour market
-
-
-
123
total
-
-
-
614
Employee
2 203
2 203
2 203
-
labour market
176
176
176
-
national
269
269
269
-
municipal
469
469
469
-
pensions
3
3
3
-
total
917
917
917
-
Employer
2 203
2 203
2 203
-
labour market
176
176
176
-
municipal
470
470
470
-
pensions
6
6
6
-
national
270
270
270
-
total
922
922
922
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 839
1 839
1 839
614
After tax
-289
-289
-289
936
Living cost
522
522
522
522
Free-cash
-811
-811
-811
414

Estimated living cost  is $522 per week

$357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$107
$91
$828
$597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
414
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
489
Employee
367
-
1 375
-
health
42
-
157
-
income
50
-
305
-
pensions
41
-
82
-
total
133
-
544
-
Employer
367
-
1 375
-
accident
6
-
23
-
unemployment
9
-
34
-
pensions
60
-
119
-
total
75
-
176
-
Corporate
1 108
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.

997
1 395
-
-
total
997
1 395
-
-
Dividends
111
155
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 226
1 424
720
489
After tax
324
126
830
1 061
Living cost
233
233
233
233
Free-cash
91
-107
597
828

Estimated living cost  is $233 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$578
$594
$632
$420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
municipal
-
-
-
276
health
-
-
-
19
national
-
-
-
207
total
-
-
-
502
Employee
570
-
1 304
-
health
4
-
16
-
municipal
93
-
213
-
pensions
38
-
88
-
unemployment
9
-
20
-
national
9
-
132
-
total
153
-
469
-
Employer
570
-
1 304
-
accident
1
-
1
-
unemployment
4
-
8
-
pensions
99
-
226
-
health
4
-
10
-
total
108
-
245
-
Corporate
873
1 550
-
-
income
175
310
-
-
total
175
310
-
-
Dividends

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

524
930
-
-
national
10
79
-
-
municipal
94
167
-
-
total
104
246
-
-
Income
1 550
1 550
1 550
1 550
Total tax
540
556
714
502
After tax
1 010
994
836
1 048
Living cost
416
416
416
416
Free-cash
594
578
420
632

Estimated living cost  is $416 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$882
$823
$826
$813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
258
health
-
-
-
40
social contributions
-
-
-
175
total
-
-
-
473
Employee
833
833
1 430
-
social contributions
31
69
93
-
health
6
14
24
-
income
91
77
250
-
total
128
160
367
-
Employer
833
833
1 430
-
social contributions
31
69
93
-
health
7
15
26
-
total
38
84
119
-
Corporate
1 132
633
-
-
income
142
79
-
-
total
142
79
-
-
Dividends
991
553
-
-
withholding
168
94
-
-
total
168
94
-
-
Income
1 550
1 550
1 550
1 550
Total tax
476
417
486
473
After tax
1 074
1 133
1 064
1 077
Living cost
251
251
251
251
Free-cash
823
882
813
826

Estimated living cost  is $251 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1111
$1057
$1115
$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
155
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
263
Employee

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

249
-
1 444
-
health
21
-
87
-
income
17
-
128
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
374
-
Employer

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

249
-
1 444
-
unemployment
1
-
5
-
pensions
14
-
57
-
health
11
-
44
-
total
26
-
106
-
Corporate
1 276
1 550
-
-
income
115
140
-
-
total
115
140
-
-
Dividends
1 161
1 410
-
-
withholding
104
127
-
-
total
104
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
321
267
480
263
After tax
1 229
1 283
1 070
1 287
Living cost
172
172
172
172
Free-cash
1 057
1 111
898
1 115

Estimated living cost  is $172 per week

$110
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 Podgorica model

Close
Valencia , Spain
$740
$689
$576
$525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
375
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
676
Employee
400
-
1 230
-
other
-
-
1
-
income
77
-
343
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
407
-
Employer
400
-
1 230
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
95
-
237
-
total
128
-
320
-
Corporate
1 022
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.

153
232
-
-
total
153
232
-
-
Dividends
869
1 318
-
-
withholding
180
280
-
-
total
180
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
563
512
727
676
After tax
987
1 038
823
874
Living cost
298
298
298
298
Free-cash
689
740
525
576

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
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.
$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 Valencia model

Close
Istanbul , Turkey
$937
$933
$959
$958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
523
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
561
Employee
45
-
1 526
-
health
2
-
5
-
income
9
-
522
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
538
-
Employer
45
-
1 526
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 495
1 550
-
-
income
329
341
-
-
total
329
341
-
-
Dividends
1 166
1 209
-
-
withholding
233
242
-
-
total
233
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
587
583
562
561
After tax
963
967
988
989
Living cost
30
30
30
30
Free-cash
933
937
958
959

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$932
$878
$719
$719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
342
pensions
-
-
-
208
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
644
Employee

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

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

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

282
-
1 407
-
health
15
-
41
-
income
39
-
342
-
pensions
40
-
112
-
unemployment
2
-
6
-
total
96
-
501
-
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.

282
-
1 407
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
15
-
41
-
total
51
-
143
-
Corporate
1 217
1 550
-
-
income
183
233
-
-
total
183
233
-
-
Dividends
1 034
1 317
-
-
withholding
155
198
-
-
total
155
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
485
431
644
644
After tax
1 065
1 119
906
906
Living cost
187
187
187
187
Free-cash
878
932
719
719

Estimated living cost  is $187 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$589
$586
$550
$444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
169
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
708
Employee
420
-
1 253
-
social contributions
46
-
138
-
surtax
-
-
-
-
income
82
-
379
-
total
128
-
517
-
Employer
420
-
1 253
-
social contributions
100
-
297
-
total
100
-
297
-
Corporate
1 030
1 550
-
-
surtax
-
-
-
-
income
216
326
-
-
total
216
326
-
-
Dividends
814
1 224
-
-
withholding
228
343
-
-
total
228
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
672
669
814
708
After tax
878
881
736
842
Living cost
292
292
292
292
Free-cash
586
589
444
550

Estimated living cost  is $292 per week

$207
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.
$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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$657
$580
$493
$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
accident
-
-
-
9
income
-
-
-
375
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
676
Employee
523
-
1 230
-
other
1
-
1
-
income
109
-
343
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
143
-
407
-
Employer
523
-
1 230
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
237
-
total
166
-
320
-
Corporate
860
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.

129
232
-
-
total
129
232
-
-
Dividends
731
1 318
-
-
withholding
151
280
-
-
total
151
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
589
512
727
676
After tax
961
1 038
823
874
Living cost
381
381
381
381
Free-cash
580
657
442
493

Estimated living cost  is $381 per week

$273
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.
$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.
$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

Source of data for Madrid model

Close
Sofia , Bulgaria
$1139
$1074
$1030
$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
-
-
-
1 550
income
-
-
-
232
pensions

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
44
total
-
-
-
334
Employee
247
-
1 476
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
148
-
pensions

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

22
-
33
-
total
61
-
202
-
Employer
247
-
1 476
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 255
1 550
-
-
income
125
155
-
-
total
125
155
-
-
Dividends
1 129
1 395
-
-
withholding
56
70
-
-
total
56
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
290
225
276
334
After tax
1 260
1 325
1 274
1 216
Living cost
186
186
186
186
Free-cash
1 074
1 139
1 088
1 030

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$381
$523
$445
$595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
trade
-
-
-
150
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.

-
-
-
439
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.

-
-
-
74
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.

-
-
-
24
total
-
-
-
687
Employee

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

539
-
1 550
-
health

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

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

74
-
74
-
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.

2
-
24
-
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.

44
-
439
-
total
120
-
537
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 011
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.

8
13
-
-
income
152
232
-
-
trade
145
222
-
-
chamber of commerce
3
4
-
-
total
308
471
-
-
Dividends
703
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
172
265
-
-
total
181
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
609
751
537
687
After tax
941
799
1 013
863
Living cost
418
418
418
418
Free-cash
523
381
595
445

Estimated living cost  is $418 per week

$288
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$468
$492
$242
$242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
441
social contributions
-
-
-
250
total
-
-
-
691
Employee
847
-
1 550
-
income
160
-
441
-
social contributions
70
-
250
-
total
230
-
691
-
Employer
847
-
1 550
-
total
-
-
-
-
Corporate
703
1 550
-
-
income
88
194
-
-
total
88
194
-
-
Dividends
615
1 356
-
-
withholding
123
271
-
-
total
123
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
441
465
691
691
After tax
1 109
1 085
859
859
Living cost
617
617
617
617
Free-cash
492
468
242
242

Estimated living cost  is $617 per week

$469
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.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$557
$595
$777
$731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
308
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
-
-
-
380
Employee
497
-
1 500
-
income
54
-
326
-
social contributions
50
-
50
-
total
104
-
376
-
Employer
497
-
1 500
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 003
1 550
-
-
income
351
543
-
-
total
351
543
-
-
Dividends
652
1 007
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 550
1 550
1 550
1 550
Total tax
562
600
426
380
After tax
988
950
1 124
1 170
Living cost
393
393
393
393
Free-cash
595
557
731
777

Estimated living cost  is $393 per week

$259
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$649
$696
$652
$509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
90
total
-
-
-
494
Employee
554
-
1 357
-
health
7
-
21
-
income
101
-
309
-
pensions
42
-
114
-
total
150
-
444
-
Employer
554
-
1 357
-
pensions
56
-
167
-
health
11
-
26
-
total
67
-
193
-
Corporate
929
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.

177
295
-
-
total
177
295
-
-
Dividends
753
1 255
-
-
withholding
56
202
-
-
total
56
202
-
-
Income
1 550
1 550
1 550
1 550
Total tax
450
497
637
494
After tax
1 100
1 053
913
1 056
Living cost
404
404
404
404
Free-cash
696
649
509
652

Estimated living cost  is $404 per week

$277
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.
$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.
$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

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
-$130
$87
$805
$574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
414
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
489
Employee
403
-
1 375
-
health
46
-
157
-
income
55
-
305
-
pensions
45
-
82
-
total
146
-
544
-
Employer
403
-
1 375
-
accident
7
-
23
-
unemployment
10
-
34
-
pensions
66
-
119
-
total
83
-
176
-
Corporate
1 064
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.

958
1 395
-
-
total
958
1 395
-
-
Dividends
106
155
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 207
1 424
720
489
After tax
343
126
830
1 061
Living cost
256
256
256
256
Free-cash
87
-130
574
805

Estimated living cost  is $256 per week

$188
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1159
$1109
$727
$917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
8
health insurance
-
-
-
115
income
-
-
-
250
pensions
-
-
-
285
unemployment
-
-
-
19
total
-
-
-
677
Employee

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

234
-
1 550
-
work injury
1
-
4
-
income
23
-
250
-
pensions
43
-
159
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
487
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 316
1 550
-
-
income

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

13
15
-
-
total
13
15
-
-
Dividends
1 303
1 535
-
-
withholding
195
230
-
-
total
195
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
295
245
487
677
After tax
1 255
1 305
1 063
873
Living cost
146
146
146
146
Free-cash
1 109
1 159
917
727

Estimated living cost  is $146 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.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$384
$336
$312
$241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
municipal
-
-
-
10
regional
-
-
-
35
national
-
-
-
362
social contributions
-
-
-
399
total
-
-
-
806
Employee
913
-
1 550
-
social contributions
308
-
523
-
regional
14
-
30
-
municipal
5
-
9
-
national
154
-
315
-
total
481
-
877
-
Employer
913
-
1 550
-
total
-
-
-
-
Corporate
637
1 550
-
-
nationa
153
372
-
-
municipal
31
75
-
-
total
184
447
-
-
Dividends
454
1 103
-
-
withholding
118
287
-
-
total
118
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
783
734
877
806
After tax
767
816
673
744
Living cost
432
432
432
432
Free-cash
336
384
241
312

Estimated living cost  is $432 per week

$303
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.
$92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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