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
$ 1600
per

Your estimated
City
free-cash

Dresden , Germany
$445
$693
$529
$578
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.

-
-
-
1 600
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.

-
-
-
438
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
health

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

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

-
-
-
82
trade
-
-
-
164
total
-
-
-
708
Employee

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

458
-
1 600
-
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.

13
-
438
-
health

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

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

82
-
82
-
total
96
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 142
1 600
-
-
income
171
240
-
-
surtax

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

9
13
-
-
chamber of commerce
3
4
-
-
trade
180
252
-
-
total
363
509
-
-
Dividends
778
1 091
-
-
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
15
-
-
withholding
190
268
-
-
total
200
283
-
-
Income
1 600
1 600
1 600
1 600
Total tax
659
792
544
708
After tax
941
808
1 056
892
Living cost
363
363
363
363
Free-cash
578
445
693
529

Estimated living cost  is $363 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$362
$331
$319
$351
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
-
-
-
1 600
social contributions
-
-
-
17
municipal
-
-
-
171
national
-
-
-
265
pensions
-
-
-
192
total
-
-
-
645
Employee
986
-
1 383
-
municipal
122
-
177
-
pensions
39
-
55
-
national
189
-
275
-
total
350
-
507
-
Employer
986
-
1 383
-
pensions
79
-
111
-
social contributions
11
-
15
-
total
90
-
126
-
Corporate
460
1 600
-
-
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%.

92
320
-
-
total
92
320
-
-
Dividends
368
1 280
-
-
withholding
81
282
-
-
total
81
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
613
602
633
645
After tax
987
998
967
955
Living cost
636
636
636
636
Free-cash
351
362
331
319

Estimated living cost  is $636 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1031
$648
$235
$934
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.

-
-
-
1 600
income
-
-
-
249
surtax
-
-
-
408
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.

-
-
-
459
microenterprise
-
-
-
-
total
-
-
-
1 116
Employee
350
-
1 289
-
surtax
-
-
-
-
social contributions

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

38
-
142
-
income
62
-
250
-
total
100
-
392
-
Employer
350
-
1 289
-
social contributions

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

84
-
311
-
surtax
-
-
-
-
total
84
-
311
-
Corporate
1 166
1 600
-
-
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%.

233
320
-
-
total
233
320
-
-
Dividends

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

933
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
417
320
703
1 116
After tax
1 183
1 280
897
484
Living cost
249
249
249
249
Free-cash
934
1 031
648
235

Estimated living cost  is $249 per week

$159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$283
$421
$417
$210
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
-
-
-
1 600
income
-
-
-
393
health
-
-
-
148
pensions
-
-
-
140
total
-
-
-
681
Employee
1 022
1 022
1 377
-
pensions
184
140
140
-
income

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

167
167
167
-
health
157
133
148
-
total
508
440
455
-
Employer
1 022
1 022
1 377
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
411
398
-
-
income
82
80
-
-
total
82
80
-
-
Dividends
329
319
-
-
income
70
68
-
-
withholding
49
48
-
-
total
119
116
-
-
Income
1 600
1 600
1 600
1 600
Total tax
888
815
677
681
After tax
712
785
923
919
Living cost
502
502
502
502
Free-cash
210
283
421
417

Estimated living cost  is $502 per week

$355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$383
$347
$359
$373
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
-
-
-
1 600
accident
-
-
-
2
other
-
-
-
125
unemployment
-
-
-
1
health
-
-
-
67
municipal
-
-
-
384
national
-
-
-
55
pensions
-
-
-
116
total
-
-
-
750
Employee
699
-
1 262
-
municipal
208
-
376
-
national
-
-
49
-
total
208
-
425
-
Employer
699
-
1 262
-
health
43
-
66
-
pensions
76
-
116
-
accident
1
-
2
-
unemployment
18
-
28
-
other
81
-
125
-
total
219
-
337
-
Corporate
681
1 600
-
-
income
150
352
-
-
total
150
352
-
-
Dividends
531
1 248
-
-
withholding
159
374
-
-
total
159
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
736
726
762
750
After tax
864
874
838
850
Living cost
491
491
491
491
Free-cash
373
383
347
359

Estimated living cost  is $491 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
$330
$586
$414
$498
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.

-
-
-
1 600
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.

-
-
-
438
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
health

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

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

-
-
-
82
trade
-
-
-
172
total
-
-
-
716
Employee

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

607
-
1 600
-
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.

52
-
438
-
health

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

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

82
-
82
-
total
137
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
993
1 600
-
-
income
149
240
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
163
263
-
-
total
323
520
-
-
Dividends
669
1 079
-
-
surtax

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

9
15
-
-
withholding
163
265
-
-
total
172
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
632
800
544
716
After tax
968
800
1 056
884
Living cost
470
470
470
470
Free-cash
498
330
586
414

Estimated living cost  is $470 per week

$315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$782
$715
$731
$730
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
-
-
-
1 600
income
-
-
-
246
social contributions
-
-
-
194
health
-
-
-
41
total
-
-
-
481
Employee
921
921
1 470
-
social contributions
45
76
103
-
income
97
85
239
-
health
9
16
25
-
total
151
177
367
-
Employer
921
921
1 470
-
health
10
17
27
-
social contributions
45
76
103
-
total
55
93
130
-
Corporate
1 006
586
-
-
income
126
73
-
-
total
126
73
-
-
Dividends
881
513
-
-
withholding
150
87
-
-
total
150
87
-
-
Income
1 600
1 600
1 600
1 600
Total tax
482
430
497
481
After tax
1 118
1 170
1 103
1 119
Living cost
388
388
388
388
Free-cash
730
782
715
731

Estimated living cost  is $388 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
$679
$707
$888
$684
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
-
-
-
1 600
income
-
-
-
196
unemployment
-
-
-
24
health
-
-
-
112
pensions
-
-
-
160
total
-
-
-
492
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.

317
126
1 339
-
unemployment
5
2
20
-
pensions
32
13
134
-
income
39
15
164
-
health
22
9
94
-
total
98
39
412
-
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.

317
126
1 339
-
pensions
62
25
261
-
total
62
25
261
-
Corporate
1 221
1 449
-
-
income
110
130
-
-
total
110
130
-
-
Dividends
1 111
1 319
-
-
social contributions
215
256
-
-
withholding
211
251
-
-
total
426
507
-
-
Income
1 600
1 600
1 600
1 600
Total tax
696
701
673
492
After tax
904
899
927
1 108
Living cost
220
220
220
220
Free-cash
684
679
707
888

Estimated living cost  is $220 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$991
$633
$569
$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
-
-
-
1 600
income
-
-
-
214
health
-
-
-
208
pensions
-
-
-
320
total
-
-
-
742
Employee
340
-
1 196
-
unemployment
5
-
19
-
pensions
7
-
24
-
income
38
-
231
-
total
50
-
274
-
Employer
340
-
1 196
-
health
44
-
155
-
pensions
68
-
239
-
unemployment
3
-
10
-
total
115
-
404
-
Corporate
1 146
1 600
-
-
income
229
320
-
-
total
229
320
-
-
Dividends
916
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
394
320
678
742
After tax
1 206
1 280
922
858
Living cost
289
289
289
289
Free-cash
917
991
633
569

Estimated living cost  is $289 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-$137
$583
$830
$88
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
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
419
-
1 408
-
pensions
47
-
92
-
income
58
-
304
-
health
48
-
161
-
total
153
-
557
-
Employer
419
-
1 408
-
pensions
68
-
134
-
accident
7
-
24
-
unemployment
10
-
35
-
total
85
-
193
-
Corporate
1 095
1 600
-
-
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.

986
1 440
-
-
total
986
1 440
-
-
Dividends
109
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 245
1 470
750
503
After tax
355
130
850
1 097
Living cost
267
267
267
267
Free-cash
88
-137
583
830

Estimated living cost  is $267 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1423
$1183
$1487
$1405
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%.

-
-
-
1 600
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
121
-
1 600
-
income
24
-
320
-
total
24
-
320
-
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%.

1 479
1 600
-
-
total
-
-
-
-
Dividends
1 479
1 600
-
-
withholding
74
80
-
-
total
74
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
98
80
320
16
After tax
1 502
1 520
1 280
1 584
Living cost
97
97
97
97
Free-cash
1 405
1 423
1 183
1 487

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
$857
$600
$534
$777
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
-
-
-
1 600
income
-
-
-
217
other
-
-
-
76
health
-
-
-
70
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.

-
-
-
384
total
-
-
-
747
Employee
435
-
1 278
-
unemployment
4
-
13
-
pensions

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

30
-
89
-
income
75
-
239
-
health
6
-
18
-
total
115
-
359
-
Employer
435
-
1 278
-
health
6
-
18
-
pensions

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

74
-
217
-
accident
3
-
10
-
unemployment
4
-
13
-
other
22
-
64
-
total
109
-
322
-
Corporate
1 056
1 600
-
-
income
222
336
-
-
total
222
336
-
-
Dividends
834
1 264
-
-
withholding
58
88
-
-
total
58
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
504
424
681
747
After tax
1 096
1 176
919
853
Living cost
319
319
319
319
Free-cash
777
857
600
534

Estimated living cost  is $319 per week

$225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$305
$155
$302
$239
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
-
-
-
1 600
income
-
-
-
405
pensions
-
-
-
97
total
-
-
-
502
Employee
1 126
-
1 402
-
pensions
109
-
123
-
income
203
-
306
-
health
19
-
22
-
total
331
-
451
-
Employer
1 126
-
1 402
-
health
21
-
27
-
pensions
133
-
171
-
total
154
-
198
-
Corporate
320
1 600
-
-
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.

61
304
-
-
total
61
304
-
-
Dividends
259
1 296
-
-
withholding
19
195
-
-
total
19
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
565
499
649
502
After tax
1 035
1 101
951
1 098
Living cost
796
796
796
796
Free-cash
239
305
155
302

Estimated living cost  is $796 per week

$596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1211
$1147
$1091
$1156
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
-
-
-
1 600
income
-
-
-
240
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
352
Employee
208
-
1 518
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
152
-
health
10
-
19
-
total
51
-
213
-
Employer
208
-
1 518
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
3
-
total
40
-
83
-
Corporate
1 351
1 600
-
-
income
135
160
-
-
total
135
160
-
-
Dividends
1 216
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
287
232
296
352
After tax
1 313
1 368
1 304
1 248
Living cost
157
157
157
157
Free-cash
1 156
1 211
1 147
1 091

Estimated living cost  is $157 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$121
$259
$255
$153
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
-
-
-
1 600
income
-
-
-
393
health
-
-
-
148
pensions
-
-
-
140
total
-
-
-
681
Employee
1 110
1 022
1 377
-
pensions
140
140
140
-
income

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

167
167
167
-
health
138
133
148
-
total
445
440
455
-
Employer
1 110
1 022
1 377
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
296
398
-
-
income
59
80
-
-
total
59
80
-
-
Dividends
236
319
-
-
income
50
68
-
-
withholding
35
48
-
-
total
85
116
-
-
Income
1 600
1 600
1 600
1 600
Total tax
783
815
677
681
After tax
817
785
923
919
Living cost
664
664
664
664
Free-cash
153
121
259
255

Estimated living cost  is $664 per week

$490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$804
$514
$515
$698
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
-
-
-
1 600
income
-
-
-
143
social contributions
-
-
-
428
solidarity contribution
-
-
-
-
health
-
-
-
216
total
-
-
-
787
Employee
438
-
1 194
-
solidarity contribution
-
-
-
-
social contributions
28
-
78
-
income
53
-
143
-
health
59
-
161
-
total
140
-
382
-
Employer
438
-
1 194
-
health
39
-
107
-
social contributions
109
-
299
-
total
148
-
406
-
Corporate
1 014
1 600
-
-
income
193
304
-
-
total
193
304
-
-
Dividends
821
1 296
-
-
withholding
123
194
-
-
total
123
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
604
498
788
787
After tax
996
1 102
812
813
Living cost
298
298
298
298
Free-cash
698
804
514
515

Estimated living cost  is $298 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$349
$212
$288
$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
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
18
municipal
-
-
-
9
national
-
-
-
368
total
-
-
-
807
Employee
1 064
-
1 600
-
municipal
6
-
8
-
national
184
-
319
-
regional
10
-
16
-
social contributions
359
-
540
-
total
559
-
883
-
Employer
1 064
-
1 600
-
total
-
-
-
-
Corporate
536
1 600
-
-
municipal
21
62
-
-
nationa
129
384
-
-
total
150
446
-
-
Dividends
386
1 154
-
-
withholding
100
300
-
-
total
100
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
809
746
883
807
After tax
791
854
717
793
Living cost
505
505
505
505
Free-cash
286
349
212
288

Estimated living cost  is $505 per week

$352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$742
$469
$495
$706
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
-
-
-
1 600
income
-
-
-
356
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
320
total
-
-
-
841
Employee
396
-
1 322
-
other
-
-
-
-
unemployment
28
-
92
-
pensions
26
-
88
-
surtax
1
-
45
-
income
66
-
330
-
health
10
-
34
-
total
131
-
589
-
Employer
396
-
1 322
-
health
18
-
60
-
pensions
53
-
176
-
unemployment
13
-
42
-
other
-
-
-
-
total
84
-
278
-
Corporate
1 121
1 600
-
-
income
291
416
-
-
total
291
416
-
-
Dividends
829
1 184
-
-
withholding
124
178
-
-
total
124
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
630
594
867
841
After tax
970
1 006
733
759
Living cost
264
264
264
264
Free-cash
706
742
469
495

Estimated living cost  is $264 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$557
$407
$554
$561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
405
pensions
-
-
-
97
total
-
-
-
502
Employee
755
-
1 402
-
pensions
64
-
123
-
income
136
-
306
-
health
11
-
22
-
total
211
-
451
-
Employer
755
-
1 402
-
health
14
-
27
-
pensions
82
-
171
-
total
96
-
198
-
Corporate
749
1 600
-
-
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.

142
304
-
-
total
142
304
-
-
Dividends
607
1 296
-
-
withholding
46
195
-
-
total
46
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
495
499
649
502
After tax
1 105
1 101
951
1 098
Living cost
544
544
544
544
Free-cash
561
557
407
554

Estimated living cost  is $544 per week

$407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$217
$292
$370
$189
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
-
-
-
1 600
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.

-
-
-
32
regional
-
-
-
65
health
-
-
-
4
city
-
-
-
17
national
-
-
-
16
pensions
-
-
-
147
total
-
-
-
281
Employee
1 111
-
1 432
-
unemployment
-
-
-
-
pensions
93
-
120
-
national
5
-
13
-
regional
36
-
56
-
city
12
-
15
-
health
3
-
3
-
total
149
-
207
-
Employer
1 111
-
1 432
-
health
3
-
3
-
pensions
93
-
120
-
unemployment
-
-
-
-
other

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

22
-
29
-
total
118
-
152
-
Corporate
359
1 600
-
-
regional
76
338
-
-
national
31
136
-
-
total
107
474
-
-
Dividends
252
1 126
-
-
withholding
88
394
-
-
total
88
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
462
868
359
281
After tax
1 138
732
1 241
1 319
Living cost
949
949
949
949
Free-cash
189
-217
292
370

Estimated living cost  is $949 per week

$617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
$243
$507
$328
$436
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.

-
-
-
1 600
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.

-
-
-
438
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
health

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

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

-
-
-
82
trade
-
-
-
179
total
-
-
-
723
Employee

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

720
-
1 600
-
surtax

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

5
-
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.

85
-
438
-
health

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

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

82
-
82
-
total
172
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
880
1 600
-
-
income
132
240
-
-
surtax

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

7
13
-
-
chamber of commerce
3
4
-
-
trade
151
274
-
-
total
293
531
-
-
Dividends
587
1 068
-
-
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
142
263
-
-
total
150
277
-
-
Income
1 600
1 600
1 600
1 600
Total tax
615
808
544
723
After tax
985
792
1 056
877
Living cost
548
548
548
548
Free-cash
436
243
507
328

Estimated living cost  is $548 per week

$401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$397
$526
$499
$466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
209
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
334
total
-
-
-
691
Employee
512
-
1 268
-
pensions
58
-
76
-
surtax
-
-
-
-
social contributions
15
-
36
-
income
30
-
220
-
total
103
-
332
-
Employer
512
-
1 268
-
health
36
-
103
-
pensions
84
-
130
-
unemployment
21
-
51
-
social contributions
2
-
4
-
other
18
-
44
-
total
161
-
332
-
Corporate
928
1 600
-
-
income
260
448
-
-
surtax
-
-
-
-
total
260
448
-
-
Dividends
668
1 152
-
-
surtax
-
-
-
-
social contributions
115
198
-
-
withholding
85
147
-
-
total
200
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
724
793
664
691
After tax
876
807
936
909
Living cost
410
410
410
410
Free-cash
466
397
526
499

Estimated living cost  is $410 per week

$258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$438
$567
$540
$503
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
-
-
-
1 600
income
-
-
-
209
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
334
total
-
-
-
691
Employee
457
-
1 268
-
pensions
52
-
76
-
surtax
-
-
-
-
social contributions
13
-
36
-
income
24
-
220
-
total
89
-
332
-
Employer
457
-
1 268
-
health
32
-
103
-
pensions
75
-
130
-
unemployment
19
-
51
-
social contributions
1
-
4
-
other
16
-
44
-
total
143
-
332
-
Corporate
1 000
1 600
-
-
income
280
448
-
-
surtax
-
-
-
-
total
280
448
-
-
Dividends
720
1 152
-
-
surtax
-
-
-
-
social contributions
124
198
-
-
withholding
92
147
-
-
total
216
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
728
793
664
691
After tax
872
807
936
909
Living cost
369
369
369
369
Free-cash
503
438
567
540

Estimated living cost  is $369 per week

$214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$722
$755
$773
$728
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
-
-
-
1 600
income
-
-
-
240
social contributions
-
-
-
221
health
-
-
-
112
total
-
-
-
573
Employee
406
-
1 600
-
social contributions
56
-
221
-
income
68
-
258
-
health
28
-
112
-
total
152
-
591
-
Employer
406
-
1 600
-
total
-
-
-
-
Corporate
1 194
1 600
-
-
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%.

60
80
-
-
total
60
80
-
-
Dividends
1 134
1 520
-
-
social contributions
157
210
-
-
withholding
170
228
-
-
health
79
106
-
-
total
406
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
618
624
591
573
After tax
982
976
1 009
1 027
Living cost
254
254
254
254
Free-cash
728
722
755
773

Estimated living cost  is $254 per week

$170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$469
$12
$387
$450
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
-
-
-
1 600
income
-
-
-
344
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
259
total
-
-
-
791
Employee
598
477
1 241
-
other
6
5
12
-
unemployment
18
14
37
-
pensions
61
49
127
-
income
68
35
284
-
health
23
18
48
-
total
176
121
508
-
Employer
598
477
1 241
-
chamber of commerce
2
2
5
-
health
23
18
47
-
pensions
75
60
156
-
accident
8
6
16
-
unemployment
18
14
37
-
surtax
2
2
2
-
payroll
18
14
37
-
other
28
23
59
-
total
174
139
359
-
Corporate
827
983
1 195
-
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.

207
246
299
-
total
207
246
299
-
Dividends
620
737
-
-
withholding
171
203
-
-
total
171
203
-
-
Income
1 600
1 600
1 600
1 600
Total tax
728
709
1 166
791
After tax
872
891
434
809
Living cost
422
422
422
422
Free-cash
450
469
12
387

Estimated living cost  is $422 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
$459
$154
$273
$280
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
-
-
-
1 600
communal

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

-
-
-
81
social contributions
-
-
-
253
national
-
-
-
556
total
-
-
-
890
Employee

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

856
-
1 239
-
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
-
11
-
communal

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

45
-
65
-
pensions

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

64
-
93
-
national
263
-
421
-
health

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

40
-
58
-
total
419
-
648
-
Employer

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

856
-
1 239
-
health

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

53
-
76
-
pensions

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

76
-
110
-
accident

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

11
-
16
-
unemployment

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

12
-
18
-
surtax
97
-
141
-
total
249
-
361
-
Corporate
494
1 600
-
-
income
99
320
-
-
surtax
2
6
-
-
total
101
326
-
-
Dividends
393
1 274
-
-
withholding

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

114
378
-
-
total
114
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
883
704
1 009
890
After tax
717
896
591
710
Living cost
437
437
437
437
Free-cash
280
459
154
273

Estimated living cost  is $437 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$641
$407
$464
$548
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
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
371
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
704
Employee
596
-
1 246
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
126
-
337
-
total
164
-
407
-
Employer
596
-
1 246
-
pensions
141
-
262
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
191
-
354
-
Corporate
814
1 600
-
-
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.

122
240
-
-
total
122
240
-
-
Dividends
692
1 360
-
-
withholding
143
287
-
-
total
143
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
527
761
704
After tax
980
1 073
839
896
Living cost
432
432
432
432
Free-cash
548
641
407
464

Estimated living cost  is $432 per week

$318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$310
$260
$198
$185
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
-
-
-
1 600
communal
-
-
-
101
accident
-
-
-
13
income
-
-
-
206
surtax
-
-
-
79
health
-
-
-
112
pensions
-
-
-
240
total
-
-
-
751
Employee
907
-
1 429
-
pensions
73
-
114
-
surtax
56
-
88
-
income
88
-
252
-
health
40
-
64
-
total
257
-
518
-
Employer
907
-
1 429
-
health
28
-
44
-
pensions
73
-
114
-
accident
8
-
13
-
total
109
-
171
-
Corporate
585
1 600
-
-
communal
39
108
-
-
income
88
240
-
-
surtax
6
17
-
-
total
133
365
-
-
Dividends
452
1 235
-
-
income
197
89
-
-
withholding
68
185
-
-
total
265
274
-
-
Income
1 600
1 600
1 600
1 600
Total tax
764
639
689
751
After tax
836
961
911
849
Living cost
651
651
651
651
Free-cash
185
310
260
198

Estimated living cost  is $651 per week

$488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$737
$464
$490
$700
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
-
-
-
1 600
income
-
-
-
356
other
-
-
-
-
surtax
-
-
-
49
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
320
total
-
-
-
841
Employee
403
-
1 322
-
other
-
-
-
-
unemployment
28
-
92
-
pensions
27
-
88
-
surtax
1
-
45
-
income
68
-
330
-
health
10
-
34
-
total
134
-
589
-
Employer
403
-
1 322
-
health
18
-
60
-
pensions
54
-
176
-
unemployment
13
-
42
-
other
-
-
-
-
total
85
-
278
-
Corporate
1 112
1 600
-
-
income
289
416
-
-
total
289
416
-
-
Dividends
823
1 184
-
-
withholding
123
178
-
-
total
123
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
631
594
867
841
After tax
969
1 006
733
759
Living cost
269
269
269
269
Free-cash
700
737
464
490

Estimated living cost  is $269 per week

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

Source of data for Athens model

Close
Naples , Italy
$518
$388
$464
$490
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
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
24
municipal
-
-
-
9
national
-
-
-
368
total
-
-
-
813
Employee
664
-
1 600
-
municipal
4
-
8
-
national
105
-
319
-
regional
9
-
22
-
social contributions
224
-
540
-
total
342
-
889
-
Employer
664
-
1 600
-
total
-
-
-
-
Corporate
936
1 600
-
-
municipal
47
80
-
-
nationa
225
384
-
-
total
272
464
-
-
Dividends
665
1 136
-
-
withholding
173
295
-
-
total
173
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
787
759
889
813
After tax
813
841
711
787
Living cost
323
323
323
323
Free-cash
490
518
388
464

Estimated living cost  is $323 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
$735
$445
$446
$602
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
-
-
-
1 600
income
-
-
-
143
social contributions
-
-
-
428
solidarity contribution
-
-
-
-
health
-
-
-
216
total
-
-
-
787
Employee
539
-
1 194
-
solidarity contribution
-
-
-
-
social contributions
35
-
78
-
income
65
-
143
-
health
73
-
161
-
total
173
-
382
-
Employer
539
-
1 194
-
health
49
-
107
-
social contributions
135
-
299
-
total
184
-
406
-
Corporate
878
1 600
-
-
income
167
304
-
-
total
167
304
-
-
Dividends
711
1 296
-
-
withholding
107
194
-
-
total
107
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
631
498
788
787
After tax
969
1 102
812
813
Living cost
367
367
367
367
Free-cash
602
735
445
446

Estimated living cost  is $367 per week

$273
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.
$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 Prague model

Close
Graz , Austria
$511
$54
$429
$501
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
-
-
-
1 600
income
-
-
-
344
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
107
pensions
-
-
-
259
total
-
-
-
789
Employee
523
477
1 242
-
other
5
5
12
-
unemployment
16
14
37
-
pensions
54
49
127
-
income
47
35
284
-
health
20
18
48
-
total
142
121
508
-
Employer
523
477
1 242
-
chamber of commerce
2
2
5
-
health
20
18
47
-
pensions
66
60
156
-
accident
7
6
16
-
unemployment
16
14
37
-
surtax
-
-
-
-
payroll
16
14
37
-
other
25
23
59
-
total
152
137
357
-
Corporate
926
986
1 197
-
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.

232
246
299
-
total
232
246
299
-
Dividends
694
739
-
-
withholding
191
203
-
-
total
191
203
-
-
Income
1 600
1 600
1 600
1 600
Total tax
717
707
1 164
789
After tax
883
893
436
811
Living cost
382
382
382
382
Free-cash
501
511
54
429

Estimated living cost  is $382 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
$1369
$1129
$1433
$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%.

-
-
-
1 600
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
189
-
1 600
-
income
38
-
320
-
total
38
-
320
-
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%.

1 411
1 600
-
-
total
-
-
-
-
Dividends
1 411
1 600
-
-
withholding
71
80
-
-
total
71
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
109
80
320
16
After tax
1 491
1 520
1 280
1 584
Living cost
151
151
151
151
Free-cash
1 340
1 369
1 129
1 433

Estimated living cost  is $151 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$781
$443
$487
$681
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.

-
-
-
1 600
income
-
-
-
341
unemployment
-
-
-
2
health
-
-
-
157
pensions
-
-
-
292
total
-
-
-
792
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.

529
-
1 384
-
unemployment
1
-
2
-
pensions
82
-
215
-
income
91
-
314
-
health
34
-
89
-
total
208
-
620
-
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.

529
-
1 384
-
health
35
-
92
-
pensions
47
-
123
-
unemployment
-
-
1
-
total
82
-
216
-
Corporate
988
1 600
-
-
income
188
304
-
-
total
188
304
-
-
Dividends
800
1 296
-
-
withholding
120
194
-
-
total
120
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
598
498
836
792
After tax
1 002
1 102
764
808
Living cost
321
321
321
321
Free-cash
681
781
443
487

Estimated living cost  is $321 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
$449
$916
$582
-$211
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
-
-
-
1 600
income
-
-
-
312
social contributions
-
-
-
182
total
-
-
-
494
Employee
751
-
-
-
social contributions
62
-
9
-
income
166
-
-
-
total
228
-
9
-
Employer
751
-
-
-
social contributions
1 059
-
151
-
total
1 059
-
151
-
Corporate
-
1 600
-
-
income
-
352
-
-
total
-
352
-
-
Dividends
-
1 248
-
-
income
-
275
-
-
total
-
275
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 287
627
160
494
After tax
313
973
1 440
1 106
Living cost
524
524
524
524
Free-cash
-211
449
916
582

Estimated living cost  is $524 per week

$340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
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
$534
$393
$498
$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

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.

-
-
-
1 600
income
-
-
-
170
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
726
Employee
551
-
1 293
-
surtax
-
-
-
-
social contributions
61
-
142
-
income
115
-
382
-
total
176
-
524
-
Employer
551
-
1 293
-
social contributions
131
-
307
-
total
131
-
307
-
Corporate
919
1 600
-
-
income
193
336
-
-
surtax
-
-
-
-
total
193
336
-
-
Dividends
726
1 264
-
-
withholding
203
354
-
-
total
203
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
703
690
831
726
After tax
897
910
769
874
Living cost
376
376
376
376
Free-cash
521
534
393
498

Estimated living cost  is $376 per week

$281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$229
$358
$331
$313
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
-
-
-
1 600
income
-
-
-
209
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
334
total
-
-
-
691
Employee
750
-
1 268
-
pensions
85
-
76
-
surtax
-
-
-
-
social contributions
21
-
36
-
income
65
-
220
-
total
171
-
332
-
Employer
750
-
1 268
-
health
52
-
103
-
pensions
123
-
130
-
unemployment
30
-
51
-
social contributions
2
-
4
-
other
26
-
44
-
total
233
-
332
-
Corporate
616
1 600
-
-
income
172
448
-
-
surtax
-
-
-
-
total
172
448
-
-
Dividends
443
1 152
-
-
surtax
-
-
-
-
social contributions
76
198
-
-
withholding
57
147
-
-
total
133
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
709
793
664
691
After tax
891
807
936
909
Living cost
578
578
578
578
Free-cash
313
229
358
331

Estimated living cost  is $578 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1080
$878
$836
$1039
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
-
-
-
1 600
income
-
-
-
52
social contributions
-
-
-
352
total
-
-
-
404
Employee
385
-
1 385
-
income
-
-
57
-
social contributions
25
-
90
-
total
25
-
147
-
Employer
385
-
1 385
-
social contributions
60
-
215
-
total
60
-
215
-
Corporate
1 155
1 600
-
-
income
116
160
-
-
total
116
160
-
-
Dividends
1 040
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
201
160
362
404
After tax
1 399
1 440
1 238
1 196
Living cost
360
360
360
360
Free-cash
1 039
1 080
878
836

Estimated living cost  is $360 per week

$233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$1007
-$1007
$398
-$1007
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
-
-
-
1 600
labour market
-
-
-
127
municipal
-
-
-
318
national
-
-
-
171
pensions
-
-
-
10
total
-
-
-
626
Employee
2 433
2 433
2 433
-
municipal
518
518
518
-
labour market
194
194
194
-
pensions
3
3
3
-
national
297
297
297
-
total
1 012
1 012
1 012
-
Employer
2 433
2 433
2 433
-
national
298
298
298
-
labour market
195
195
195
-
pensions
7
7
7
-
municipal
519
519
519
-
total
1 019
1 019
1 019
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
2 031
2 031
2 031
626
After tax
-431
-431
-431
974
Living cost
576
576
576
576
Free-cash
-1 007
-1 007
-1 007
398

Estimated living cost  is $576 per week

$394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-$133
$587
$834
$89
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
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
413
-
1 408
-
pensions
47
-
92
-
income
57
-
304
-
health
47
-
161
-
total
151
-
557
-
Employer
413
-
1 408
-
pensions
67
-
134
-
accident
7
-
24
-
unemployment
10
-
35
-
total
84
-
193
-
Corporate
1 102
1 600
-
-
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.

992
1 440
-
-
total
992
1 440
-
-
Dividends
110
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 248
1 470
750
503
After tax
352
130
850
1 097
Living cost
263
263
263
263
Free-cash
89
-133
587
834

Estimated living cost  is $263 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$573
$412
$631
$582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
health
-
-
-
20
municipal
-
-
-
284
national
-
-
-
205
total
-
-
-
509
Employee
630
-
1 346
-
municipal
103
-
219
-
unemployment
9
-
20
-
pensions
43
-
91
-
national
10
-
128
-
health
5
-
16
-
total
170
-
474
-
Employer
630
-
1 346
-
health
5
-
10
-
pensions
109
-
234
-
accident
1
-
1
-
unemployment
4
-
9
-
total
119
-
254
-
Corporate
851
1 600
-
-
income
170
320
-
-
total
170
320
-
-
Dividends

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

511
960
-
-
municipal
92
173
-
-
national
7
74
-
-
total
99
247
-
-
Income
1 600
1 600
1 600
1 600
Total tax
558
567
728
509
After tax
1 042
1 033
872
1 091
Living cost
460
460
460
460
Free-cash
582
573
412
631

Estimated living cost  is $460 per week

$300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$893
$826
$842
$827
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
-
-
-
1 600
income
-
-
-
246
social contributions
-
-
-
194
health
-
-
-
41
total
-
-
-
481
Employee
921
921
1 470
-
social contributions
35
76
103
-
income
100
85
239
-
health
7
16
25
-
total
142
177
367
-
Employer
921
921
1 470
-
health
8
17
27
-
social contributions
35
76
103
-
total
43
93
130
-
Corporate
1 138
586
-
-
income
142
73
-
-
total
142
73
-
-
Dividends
996
513
-
-
withholding
169
87
-
-
total
169
87
-
-
Income
1 600
1 600
1 600
1 600
Total tax
496
430
497
481
After tax
1 104
1 170
1 103
1 119
Living cost
277
277
277
277
Free-cash
827
893
826
842

Estimated living cost  is $277 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1135
$891
$1132
$1075
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
-
-
-
1 600
income
-
-
-
159
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
278
Employee

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

275
-
1 483
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
129
-
health
23
-
97
-
total
84
-
402
-
Employer

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

275
-
1 483
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 297
1 600
-
-
income
117
144
-
-
total
117
144
-
-
Dividends
1 180
1 456
-
-
withholding
106
131
-
-
total
106
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
335
275
519
278
After tax
1 265
1 325
1 081
1 322
Living cost
190
190
190
190
Free-cash
1 075
1 135
891
1 132

Estimated living cost  is $190 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$744
$510
$567
$686
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
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
371
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
704
Employee
443
-
1 246
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
337
-
total
113
-
407
-
Employer
443
-
1 246
-
pensions
104
-
262
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
354
-
Corporate
1 016
1 600
-
-
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.

152
240
-
-
total
152
240
-
-
Dividends
864
1 360
-
-
withholding
179
287
-
-
total
179
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
585
527
761
704
After tax
1 015
1 073
839
896
Living cost
329
329
329
329
Free-cash
686
744
510
567

Estimated living cost  is $329 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$975
$1002
$1004
$972
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
-
-
-
1 600
income
-
-
-
544
health
-
-
-
12
pensions
-
-
-
17
total
-
-
-
573
Employee
35
-
1 581
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
543
-
health
2
-
4
-
total
12
-
556
-
Employer
35
-
1 581
-
health
3
-
8
-
pensions
4
-
9
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 557
1 600
-
-
income
342
352
-
-
total
342
352
-
-
Dividends
1 214
1 248
-
-
withholding
243
250
-
-
total
243
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
605
602
575
573
After tax
995
998
1 025
1 027
Living cost
23
23
23
23
Free-cash
972
975
1 002
1 004

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$949
$707
$709
$891
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.

-
-
-
1 600
income
-
-
-
350
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
230
total
-
-
-
684
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.

312
-
1 442
-
unemployment
2
-
7
-
pensions
44
-
124
-
income
43
-
350
-
health
16
-
46
-
total
105
-
527
-
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.

312
-
1 442
-
health
16
-
46
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
159
-
Corporate
1 232
1 600
-
-
income
185
240
-
-
total
185
240
-
-
Dividends
1 047
1 360
-
-
withholding
157
204
-
-
total
157
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
502
444
686
684
After tax
1 098
1 156
914
916
Living cost
207
207
207
207
Free-cash
891
949
707
709

Estimated living cost  is $207 per week

$139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$587
$446
$551
$583
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.

-
-
-
1 600
income
-
-
-
170
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
726
Employee
465
-
1 293
-
surtax
-
-
-
-
social contributions
51
-
142
-
income
91
-
382
-
total
142
-
524
-
Employer
465
-
1 293
-
social contributions
110
-
307
-
total
110
-
307
-
Corporate
1 025
1 600
-
-
income
215
336
-
-
surtax
-
-
-
-
total
215
336
-
-
Dividends
810
1 264
-
-
withholding
227
354
-
-
total
227
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
694
690
831
726
After tax
906
910
769
874
Living cost
323
323
323
323
Free-cash
583
587
446
551

Estimated living cost  is $323 per week

$229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$652
$418
$475
$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
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
371
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
314
total
-
-
-
704
Employee
578
-
1 246
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
337
-
total
158
-
407
-
Employer
578
-
1 246
-
pensions
136
-
262
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
354
-
Corporate
837
1 600
-
-
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
240
-
-
total
126
240
-
-
Dividends
712
1 360
-
-
withholding
147
287
-
-
total
147
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
615
527
761
704
After tax
985
1 073
839
896
Living cost
421
421
421
421
Free-cash
564
652
418
475

Estimated living cost  is $421 per week

$302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1162
$1098
$1042
$1089
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
-
-
-
1 600
income
-
-
-
240
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
352
Employee
273
-
1 518
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
152
-
health
13
-
19
-
total
67
-
213
-
Employer
273
-
1 518
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
3
-
total
54
-
83
-
Corporate
1 273
1 600
-
-
income
127
160
-
-
total
127
160
-
-
Dividends
1 146
1 440
-
-
withholding
57
72
-
-
total
57
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
305
232
296
352
After tax
1 295
1 368
1 304
1 248
Living cost
206
206
206
206
Free-cash
1 089
1 162
1 098
1 042

Estimated living cost  is $206 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$362
$594
$444
$519
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.

-
-
-
1 600
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.

-
-
-
438
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
health

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

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

-
-
-
82
trade
-
-
-
150
total
-
-
-
694
Employee

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

596
-
1 600
-
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.

49
-
438
-
health

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

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

82
-
82
-
total
134
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 004
1 600
-
-
income
151
240
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
144
230
-
-
total
306
487
-
-
Dividends
698
1 113
-
-
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
170
274
-
-
total
179
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
619
776
544
694
After tax
981
824
1 056
906
Living cost
462
462
462
462
Free-cash
519
362
594
444

Estimated living cost  is $462 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$438
$221
$221
$464
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
-
-
-
1 600
income
-
-
-
442
social contributions
-
-
-
255
total
-
-
-
697
Employee
937
-
1 600
-
income
177
-
442
-
social contributions
78
-
255
-
total
255
-
697
-
Employer
937
-
1 600
-
total
-
-
-
-
Corporate
663
1 600
-
-
income
83
200
-
-
total
83
200
-
-
Dividends
581
1 400
-
-
withholding
116
280
-
-
total
116
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
454
480
697
697
After tax
1 146
1 120
903
903
Living cost
682
682
682
682
Free-cash
464
438
221
221

Estimated living cost  is $682 per week

$519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$542
$734
$752
$583
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.

-
-
-
1 600
income
-
-
-
341
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
-
-
-
413
Employee
549
-
1 545
-
income
60
-
321
-
social contributions
55
-
55
-
total
115
-
376
-
Employer
549
-
1 545
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
996
1 600
-
-
income
349
560
-
-
total
349
560
-
-
Dividends
647
1 040
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 600
1 600
1 600
1 600
Total tax
582
623
431
413
After tax
1 018
977
1 169
1 187
Living cost
435
435
435
435
Free-cash
583
542
734
752

Estimated living cost  is $435 per week

$286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$659
$509
$656
$689
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
-
-
-
1 600
income
-
-
-
405
pensions
-
-
-
97
total
-
-
-
502
Employee
607
-
1 402
-
pensions
46
-
123
-
income
111
-
306
-
health
8
-
22
-
total
165
-
451
-
Employer
607
-
1 402
-
health
12
-
27
-
pensions
61
-
171
-
total
73
-
198
-
Corporate
920
1 600
-
-
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.

175
304
-
-
total
175
304
-
-
Dividends
745
1 296
-
-
withholding
56
195
-
-
total
56
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
469
499
649
502
After tax
1 131
1 101
951
1 098
Living cost
442
442
442
442
Free-cash
689
659
509
656

Estimated living cost  is $442 per week

$303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

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Warsaw , Poland
-$159
$561
$808
$85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
454
-
1 408
-
pensions
51
-
92
-
income
62
-
304
-
health
52
-
161
-
total
165
-
557
-
Employer
454
-
1 408
-
pensions
74
-
134
-
accident
8
-
24
-
unemployment
11
-
35
-
total
93
-
193
-
Corporate
1 053
1 600
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

948
1 440
-
-
total
948
1 440
-
-
Dividends
105
160
-
-
withholding
20
30
-
-
total
20
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 226
1 470
750
503
After tax
374
130
850
1 097
Living cost
289
289
289
289
Free-cash
85
-159
561
808

Estimated living cost  is $289 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$1184
$919
$743
$1129
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.

-
-
-
1 600
income
-
-
-
256
unemployment
-
-
-
19
work injury
-
-
-
8
health insurance
-
-
-
118
pensions
-
-
-
294
total
-
-
-
695
Employee

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

259
-
1 600
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
48
-
176
-
income
26
-
256
-
total
97
-
519
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 341
1 600
-
-
income

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

13
16
-
-
total
13
16
-
-
Dividends
1 328
1 584
-
-
withholding
199
238
-
-
total
199
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
309
254
519
695
After tax
1 291
1 346
1 081
905
Living cost
162
162
162
162
Free-cash
1 129
1 184
919
743

Estimated living cost  is $162 per week

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

Source of data for Skopje model

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Rome , Italy
$366
$223
$296
$312
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
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
36
municipal
-
-
-
11
national
-
-
-
368
total
-
-
-
827
Employee
1 009
-
1 600
-
municipal
6
-
10
-
national
171
-
319
-
regional
15
-
31
-
social contributions
340
-
540
-
total
532
-
900
-
Employer
1 009
-
1 600
-
total
-
-
-
-
Corporate
591
1 600
-
-
municipal
28
77
-
-
nationa
142
384
-
-
total
170
461
-
-
Dividends
421
1 139
-
-
withholding
109
296
-
-
total
109
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
811
757
900
827
After tax
789
843
700
773
Living cost
477
477
477
477
Free-cash
312
366
223
296

Estimated living cost  is $477 per week

$335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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