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

Valencia , Spain
$673
$505
$560
$726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
7
income
-
-
-
364
other
-
-
-
1
accident
-
-
-
9
pensions
-
-
-
297
total
-
-
-
678
Employee
419
-
1 215
-
unemployment
6
-
16
-
pensions
20
-
49
-
income
81
-
332
-
other
-
-
1
-
total
107
-
398
-
Employer
419
-
1 215
-
pensions
99
-
248
-
accident
8
-
21
-
unemployment
23
-
58
-
other
3
-
8
-
total
133
-
335
-
Corporate
997
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.

150
233
-
-
total
150
233
-
-
Dividends
848
1 317
-
-
withholding
175
279
-
-
total
175
279
-
-
Income
1 550
1 550
1 550
1 550
Total tax
565
512
733
678
After tax
985
1 038
817
872
Living cost
312
312
312
312
Free-cash
673
726
505
560

Estimated living cost  is $312 per week

$210
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.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
$760
$589
$523
$836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions

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

-
-
-
372
income
-
-
-
211
other
-
-
-
74
health
-
-
-
68
total
-
-
-
725
Employee
411
-
1 238
-
health
6
-
17
-
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.

29
-
87
-
income
71
-
232
-
total
110
-
348
-
Employer
411
-
1 238
-
health
6
-
17
-
pensions

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

70
-
210
-
accident
3
-
10
-
unemployment
4
-
12
-
other
21
-
62
-
total
104
-
311
-
Corporate
1 035
1 550
-
-
income
217
326
-
-
total
217
326
-
-
Dividends
818
1 224
-
-
withholding
57
86
-
-
total
57
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
488
412
659
725
After tax
1 062
1 138
891
825
Living cost
302
302
302
302
Free-cash
760
836
589
523

Estimated living cost  is $302 per week

$213
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.
$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
Varna , Bulgaria
$1124
$1120
$1061
$1176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions

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

-
-
-
59
unemployment
-
-
-
2
income
-
-
-
233
health
-
-
-
46
total
-
-
-
340
Employee
197
-
1 472
-
health
9
-
18
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

17
-
35
-
income
20
-
147
-
total
48
-
204
-
Employer
197
-
1 472
-
health
14
-
27
-
pensions

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

22
-
44
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
39
-
77
-
Corporate
1 315
1 550
-
-
income
131
155
-
-
total
131
155
-
-
Dividends
1 183
1 395
-
-
withholding
59
70
-
-
total
59
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
277
225
281
340
After tax
1 273
1 325
1 269
1 210
Living cost
149
149
149
149
Free-cash
1 124
1 176
1 120
1 061

Estimated living cost  is $149 per week

$87
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.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
$459
$514
$492
$393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
207
other
-
-
-
48
health
-
-
-
52
social contributions
-
-
-
44
pensions
-
-
-
319
surtax
-
-
-
-
total
-
-
-
670
Employee
485
-
1 226
-
pensions
55
-
74
-
income
29
-
215
-
social contributions
14
-
35
-
surtax
-
-
-
-
total
98
-
324
-
Employer
485
-
1 226
-
health
34
-
100
-
social contributions
1
-
4
-
pensions
80
-
127
-
unemployment
20
-
50
-
other
17
-
43
-
total
152
-
324
-
Corporate
914
1 550
-
-
income
256
434
-
-
surtax
-
-
-
-
total
256
434
-
-
Dividends
658
1 116
-
-
social contributions
113
192
-
-
surtax
-
-
-
-
withholding
84
143
-
-
total
197
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
703
769
648
670
After tax
847
781
902
880
Living cost
388
388
388
388
Free-cash
459
393
514
492

Estimated living cost  is $388 per week

$244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Rotterdam , Netherlands
$217
$433
$411
$286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
133
income
-
-
-
391
health
-
-
-
140
total
-
-
-
664
Employee
968
968
1 339
-
health
149
126
140
-
pensions
174
133
133
-
income

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

158
158
158
-
total
481
417
431
-
Employer
968
968
1 339
-
health
67
67
84
-
pensions
67
67
84
-
unemployment
35
35
43
-
total
169
169
211
-
Corporate
425
413
-
-
income
85
83
-
-
total
85
83
-
-
Dividends
340
330
-
-
income
72
70
-
-
withholding
51
50
-
-
total
123
120
-
-
Income
1 550
1 550
1 550
1 550
Total tax
858
789
642
664
After tax
692
761
908
886
Living cost
475
475
475
475
Free-cash
217
286
433
411

Estimated living cost  is $475 per week

$336
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.
$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.
$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
Dresden , Germany
$566
$676
$515
$439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
161
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.

-
-
-
430
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.

-
-
-
77
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
-
-
-
692
Employee

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

433
-
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.

77
-
77
-
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
-
430
-
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
-
total
90
-
531
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 117
1 550
-
-
income
167
233
-
-
trade
176
244
-
-
surtax

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

9
13
-
-
chamber of commerce
3
4
-
-
total
355
494
-
-
Dividends
761
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
186
260
-
-
total
196
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
641
768
531
692
After tax
909
782
1 019
858
Living cost
343
343
343
343
Free-cash
566
439
676
515

Estimated living cost  is $343 per week

$216
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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Larnaca , Cyprus
$808
$805
$820
$870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245
health
-
-
-
40
social contributions
-
-
-
183
total
-
-
-
468
Employee
871
871
1 426
-
health
7
15
24
-
income
95
81
237
-
social contributions
33
72
98
-
total
135
168
359
-
Employer
871
871
1 426
-
health
7
16
26
-
social contributions
33
72
98
-
total
40
88
124
-
Corporate
1 113
590
-
-
income
139
74
-
-
total
139
74
-
-
Dividends
974
516
-
-
withholding
166
88
-
-
total
166
88
-
-
Income
1 550
1 550
1 550
1 550
Total tax
480
418
483
468
After tax
1 070
1 132
1 067
1 082
Living cost
262
262
262
262
Free-cash
808
870
805
820

Estimated living cost  is $262 per week

$157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
$516
$386
$490
$526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
166
social contributions

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

-
-
-
539
surtax
-
-
-
-
total
-
-
-
705
Employee
521
-
1 253
-
income
108
-
374
-
social contributions
57
-
138
-
surtax
-
-
-
-
total
165
-
512
-
Employer
521
-
1 253
-
social contributions
124
-
297
-
total
124
-
297
-
Corporate
905
1 550
-
-
income
190
326
-
-
surtax
-
-
-
-
total
190
326
-
-
Dividends
715
1 224
-
-
withholding
200
343
-
-
total
200
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
679
669
809
705
After tax
871
881
741
845
Living cost
355
355
355
355
Free-cash
516
526
386
490

Estimated living cost  is $355 per week

$266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
$1372
$1155
$1449
$1387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
106
-
1 550
-
income
21
-
310
-
total
21
-
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%.

1 444
1 550
-
-
total
-
-
-
-
Dividends
1 444
1 550
-
-
withholding
72
78
-
-
total
72
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
93
78
310
16
After tax
1 457
1 472
1 240
1 534
Living cost
85
85
85
85
Free-cash
1 372
1 387
1 155
1 449

Estimated living cost  is $85 per week

$52
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Ljubljana , Slovenia
$670
$434
$476
$764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 550
pensions
-
-
-
283
unemployment
-
-
-
2
income
-
-
-
332
health
-
-
-
153
total
-
-
-
770
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.

501
-
1 341
-
health
32
-
87
-
unemployment
1
-
2
-
pensions
78
-
208
-
income
86
-
306
-
total
197
-
603
-
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.

501
-
1 341
-
health
33
-
89
-
pensions
44
-
119
-
unemployment
-
-
1
-
total
77
-
209
-
Corporate
971
1 550
-
-
income
184
294
-
-
total
184
294
-
-
Dividends
786
1 256
-
-
withholding
118
188
-
-
total
118
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
576
482
812
770
After tax
974
1 068
738
780
Living cost
304
304
304
304
Free-cash
670
764
434
476

Estimated living cost  is $304 per week

$209
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.
$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
Sliema , Malta
$577
$719
$744
$536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
323
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
-
-
-
395
Employee
520
-
1 498
-
social contributions
52
-
52
-
income
56
-
316
-
total
108
-
368
-
Employer
520
-
1 498
-
social contributions
52
-
52
-
total
52
-
52
-
Corporate
978
1 550
-
-
income
342
543
-
-
total
342
543
-
-
Dividends
636
1 007
-
-
social contributions
60
60
-
-
total
60
60
-
-
Income
1 550
1 550
1 550
1 550
Total tax
562
603
420
395
After tax
988
947
1 130
1 155
Living cost
411
411
411
411
Free-cash
577
536
719
744

Estimated living cost  is $411 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
$712
$737
$755
$705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
233
health
-
-
-
108
social contributions
-
-
-
214
total
-
-
-
555
Employee
384
-
1 550
-
health
27
-
108
-
income
64
-
251
-
social contributions
53
-
214
-
total
144
-
573
-
Employer
384
-
1 550
-
total
-
-
-
-
Corporate
1 166
1 550
-
-
income

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

58
78
-
-
total
58
78
-
-
Dividends
1 107
1 472
-
-
social contributions
153
203
-
-
withholding
166
221
-
-
health
77
103
-
-
total
396
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
598
605
573
555
After tax
952
945
977
995
Living cost
240
240
240
240
Free-cash
712
705
737
755

Estimated living cost  is $240 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
Prague , Czech Republic
$637
$470
$507
$750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
146
health
-
-
-
209
social contributions
-
-
-
371
solidarity contribution
-
-
-
-
total
-
-
-
726
Employee
467
-
1 157
-
health
63
-
156
-
solidarity contribution
-
-
-
-
income
56
-
139
-
social contributions
30
-
75
-
total
149
-
370
-
Employer
467
-
1 157
-
health
42
-
104
-
social contributions
117
-
289
-
total
159
-
393
-
Corporate
925
1 550
-
-
income
176
295
-
-
total
176
295
-
-
Dividends
749
1 255
-
-
withholding
112
188
-
-
total
112
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
596
483
763
726
After tax
954
1 067
787
824
Living cost
317
317
317
317
Free-cash
637
750
470
507

Estimated living cost  is $317 per week

$236
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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
$1316
$1108
$1402
$1340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
165
-
1 550
-
income
33
-
310
-
total
33
-
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%.

1 385
1 550
-
-
total
-
-
-
-
Dividends
1 385
1 550
-
-
withholding
69
78
-
-
total
69
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
102
78
310
16
After tax
1 448
1 472
1 240
1 534
Living cost
132
132
132
132
Free-cash
1 316
1 340
1 108
1 402

Estimated living cost  is $132 per week

$89
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.
$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.
$33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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.

Paris , France
$312
$355
$333
$234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
207
other
-
-
-
48
health
-
-
-
52
social contributions
-
-
-
44
pensions
-
-
-
319
surtax
-
-
-
-
total
-
-
-
670
Employee
710
-
1 226
-
pensions
80
-
74
-
income
62
-
215
-
social contributions
20
-
35
-
surtax
-
-
-
-
total
162
-
324
-
Employer
710
-
1 226
-
health
50
-
100
-
social contributions
2
-
4
-
pensions
117
-
127
-
unemployment
29
-
50
-
other
24
-
43
-
total
222
-
324
-
Corporate
619
1 550
-
-
income
173
434
-
-
surtax
-
-
-
-
total
173
434
-
-
Dividends
445
1 116
-
-
social contributions
77
192
-
-
surtax
-
-
-
-
withholding
57
143
-
-
total
134
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
691
769
648
670
After tax
859
781
902
880
Living cost
547
547
547
547
Free-cash
312
234
355
333

Estimated living cost  is $547 per week

$370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
$871
$700
$699
$925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 550
pensions
-
-
-
217
unemployment
-
-
-
13
income
-
-
-
340
health
-
-
-
86
total
-
-
-
656
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.

294
-
1 401
-
health
15
-
43
-
unemployment
2
-
6
-
pensions
41
-
117
-
income
41
-
340
-
total
99
-
506
-
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.

294
-
1 401
-
health
15
-
43
-
pensions
35
-
100
-
unemployment
2
-
6
-
total
52
-
149
-
Corporate
1 203
1 550
-
-
income
180
232
-
-
total
180
232
-
-
Dividends
1 022
1 318
-
-
withholding
153
198
-
-
total
153
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
484
430
655
656
After tax
1 066
1 120
895
894
Living cost
195
195
195
195
Free-cash
871
925
700
699

Estimated living cost  is $195 per week

$131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
$263
$412
$489
-$70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
143
city
-
-
-
16
other

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

-
-
-
31
health
-
-
-
3
regional
-
-
-
70
national
-
-
-
20
total
-
-
-
283
Employee
911
-
1 387
-
health
2
-
3
-
unemployment
-
-
-
-
city
10
-
15
-
pensions
77
-
117
-
regional
30
-
61
-
national
4
-
16
-
total
123
-
212
-
Employer
911
-
1 387
-
health
2
-
3
-
pensions
77
-
117
-
unemployment
-
-
-
-
other

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

18
-
28
-
total
97
-
148
-
Corporate
532
1 550
-
-
regional
113
328
-
-
national
45
132
-
-
total
158
460
-
-
Dividends
374
1 090
-
-
withholding
131
382
-
-
total
131
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
509
842
360
283
After tax
1 041
708
1 190
1 267
Living cost
778
778
778
778
Free-cash
263
-70
412
489

Estimated living cost  is $778 per week

$506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$70
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.
$193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
$574
$407
$619
$564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
201
total
-
-
-
496
Employee
596
-
1 304
-
health
4
-
15
-
unemployment
9
-
20
-
pensions
40
-
88
-
national
10
-
127
-
municipal
98
-
213
-
total
161
-
463
-
Employer
596
-
1 304
-
health
5
-
10
-
pensions
103
-
226
-
accident
1
-
1
-
unemployment
4
-
8
-
total
113
-
245
-
Corporate
841
1 550
-
-
income
168
310
-
-
total
168
310
-
-
Dividends

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

505
930
-
-
municipal
91
167
-
-
national
8
74
-
-
total
99
241
-
-
Income
1 550
1 550
1 550
1 550
Total tax
541
551
708
496
After tax
1 009
999
842
1 054
Living cost
435
435
435
435
Free-cash
574
564
407
619

Estimated living cost  is $435 per week

$284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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.

Brussels , Belgium
$284
$158
$274
$455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
communal

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

-
-
-
78
social contributions
-
-
-
244
national
-
-
-
541
total
-
-
-
863
Employee

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

811
-
1 200
-
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.

38
-
56
-
communal

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

42
-
63
-
unemployment

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

7
-
10
-
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.

61
-
90
-
national
249
-
410
-
total
397
-
629
-
Employer

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

811
-
1 200
-
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.

50
-
74
-
pensions

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

72
-
106
-
surtax
92
-
136
-
accident

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

11
-
16
-
unemployment

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

12
-
18
-
total
237
-
350
-
Corporate
503
1 550
-
-
income
101
310
-
-
surtax
2
6
-
-
total
103
316
-
-
Dividends
401
1 234
-
-
withholding

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

116
366
-
-
total
116
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
853
682
979
863
After tax
697
868
571
687
Living cost
413
413
413
413
Free-cash
284
455
158
274

Estimated living cost  is $413 per week

$266
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
$346
$323
$335
$357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1
municipal
-
-
-
370
other
-
-
-
124
health
-
-
-
67
national
-
-
-
46
accident
-
-
-
2
pensions
-
-
-
116
total
-
-
-
726
Employee
696
-
1 214
-
national
-
-
40
-
municipal
208
-
362
-
total
208
-
402
-
Employer
696
-
1 214
-
health
43
-
66
-
pensions
75
-
116
-
accident
1
-
2
-
unemployment
18
-
28
-
other
81
-
124
-
total
218
-
336
-
Corporate
635
1 550
-
-
income
140
341
-
-
total
140
341
-
-
Dividends
495
1 209
-
-
withholding
149
363
-
-
total
149
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
715
704
738
726
After tax
835
846
812
824
Living cost
489
489
489
489
Free-cash
346
357
323
335

Estimated living cost  is $489 per week

$324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-$311
$847
$532
$404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
772
-
-
-
income
170
-
-
-
social contributions
63
-
9
-
total
233
-
9
-
Employer
772
-
-
-
social contributions
1 089
-
155
-
total
1 089
-
155
-
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
1 322
607
164
479
After tax
228
943
1 386
1 071
Living cost
539
539
539
539
Free-cash
-311
404
847
532

Estimated living cost  is $539 per week

$350
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.
$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.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
$717
$699
$714
$764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245
health
-
-
-
40
social contributions
-
-
-
183
total
-
-
-
468
Employee
871
871
1 426
-
health
9
15
24
-
income
92
81
237
-
social contributions
42
72
98
-
total
143
168
359
-
Employer
871
871
1 426
-
health
9
16
26
-
social contributions
42
72
98
-
total
51
88
124
-
Corporate
988
590
-
-
income
124
74
-
-
total
124
74
-
-
Dividends
865
516
-
-
withholding
147
88
-
-
total
147
88
-
-
Income
1 550
1 550
1 550
1 550
Total tax
465
418
483
468
After tax
1 085
1 132
1 067
1 082
Living cost
368
368
368
368
Free-cash
717
764
699
714

Estimated living cost  is $368 per week

$251
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.
$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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
$692
$506
$649
$648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
403
pensions
-
-
-
91
total
-
-
-
494
Employee
559
-
1 358
-
health
7
-
21
-
pensions
43
-
115
-
income
102
-
308
-
total
152
-
444
-
Employer
559
-
1 358
-
health
11
-
26
-
pensions
56
-
167
-
total
67
-
193
-
Corporate
924
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.

176
295
-
-
total
176
295
-
-
Dividends
749
1 255
-
-
withholding
56
200
-
-
total
56
200
-
-
Income
1 550
1 550
1 550
1 550
Total tax
451
495
637
494
After tax
1 099
1 055
913
1 056
Living cost
407
407
407
407
Free-cash
692
648
506
649

Estimated living cost  is $407 per week

$279
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.

Rome , Italy
$314
$226
$297
$365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
399
national
-
-
-
358
total
-
-
-
802
Employee
955
-
1 550
-
social contributions
322
-
523
-
regional
14
-
30
-
national
161
-
311
-
municipal
6
-
9
-
total
503
-
873
-
Employer
955
-
1 550
-
total
-
-
-
-
Corporate
595
1 550
-
-
nationa
143
372
-
-
municipal
29
75
-
-
total
172
447
-
-
Dividends
424
1 103
-
-
withholding
110
287
-
-
total
110
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
785
734
873
802
After tax
765
816
677
748
Living cost
451
451
451
451
Free-cash
314
365
226
297

Estimated living cost  is $451 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
$88
$581
$817
-$119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
46
income
-
-
-
411
other
-
-
-
4
health
-
-
-
24
accident
-
-
-
3
total
-
-
-
488
Employee
385
-
1 371
-
health
44
-
157
-
pensions
43
-
85
-
income
53
-
302
-
total
140
-
544
-
Employer
385
-
1 371
-
pensions
63
-
123
-
accident
6
-
23
-
unemployment
9
-
34
-
total
78
-
180
-
Corporate
1 087
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.

978
1 395
-
-
total
978
1 395
-
-
Dividends
109
155
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 217
1 424
724
488
After tax
333
126
826
1 062
Living cost
245
245
245
245
Free-cash
88
-119
581
817

Estimated living cost  is $245 per week

$179
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.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Berlin , Germany
$510
$582
$435
$361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
147
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.

-
-
-
430
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.

-
-
-
77
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
-
-
-
678
Employee

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

564
-
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.

77
-
77
-
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.

46
-
430
-
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
-
total
126
-
531
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
1 550
-
-
income
148
233
-
-
trade
142
222
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
total
301
472
-
-
Dividends
685
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
167
265
-
-
total
176
280
-
-
Income
1 550
1 550
1 550
1 550
Total tax
603
752
531
678
After tax
947
798
1 019
872
Living cost
437
437
437
437
Free-cash
510
361
582
435

Estimated living cost  is $437 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Riga , Latvia
$911
$633
$241
$1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 550
income
-
-
-
244
microenterprise
-
-
-
-
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.

-
-
-
434
surtax
-
-
-
395
total
-
-
-
1 073
Employee
331
-
1 249
-
income
59
-
243
-
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.

36
-
137
-
surtax
-
-
-
-
total
95
-
380
-
Employer
331
-
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.

80
-
301
-
surtax
-
-
-
-
total
80
-
301
-
Corporate
1 139
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%.

228
310
-
-
total
228
310
-
-
Dividends

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

911
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
403
310
681
1 073
After tax
1 147
1 240
869
477
Living cost
236
236
236
236
Free-cash
911
1 004
633
241

Estimated living cost  is $236 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
$800
$769
$779
$823
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
446
health
-
-
-
76
pensions
-
-
-
105
total
-
-
-
627
Employee
219
-
1 432
-
health
11
-
26
-
unemployment
2
-
5
-
pensions
20
-
47
-
income
42
-
441
-
total
75
-
519
-
Employer
219
-
1 432
-
health
21
-
50
-
pensions
24
-
58
-
unemployment
4
-
10
-
total
49
-
118
-
Corporate
1 282
1 550
-
-
income
282
341
-
-
total
282
341
-
-
Dividends
1 000
1 209
-
-
withholding
200
242
-
-
total
200
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
606
583
637
627
After tax
944
967
913
923
Living cost
144
144
144
144
Free-cash
800
823
769
779

Estimated living cost  is $144 per week

$85
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.
$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.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
$684
$450
$481
$720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
302
unemployment
-
-
-
3
income
-
-
-
353
other
-
-
-
-
health
-
-
-
107
surtax
-
-
-
49
total
-
-
-
814
Employee
382
-
1 280
-
health
10
-
33
-
unemployment
27
-
89
-
pensions
25
-
85
-
income
64
-
324
-
other
-
-
-
-
surtax
1
-
44
-
total
127
-
575
-
Employer
382
-
1 280
-
health
17
-
58
-
pensions
51
-
171
-
unemployment
12
-
41
-
other
-
-
-
-
total
80
-
270
-
Corporate
1 088
1 550
-
-
income
283
403
-
-
total
283
403
-
-
Dividends
805
1 147
-
-
withholding
121
172
-
-
total
121
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
611
575
845
814
After tax
939
975
705
736
Living cost
255
255
255
255
Free-cash
684
720
450
481

Estimated living cost  is $255 per week

$154
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.
$73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
$495
$55
$425
$500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
245
chamber of commerce
-
-
-
6
unemployment
-
-
-
70
income
-
-
-
341
health
-
-
-
101
surtax
-
-
-
-
total
-
-
-
763
Employee
495
452
1 204
-
health
19
17
47
-
unemployment
15
14
36
-
pensions
51
46
123
-
income
44
33
278
-
other
5
5
12
-
total
134
115
496
-
Employer
495
452
1 204
-
health
19
17
46
-
pensions
62
57
151
-
surtax
-
-
-
-
accident
6
6