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
$698
$454
$531
$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

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

-
-
-
1 600
health

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

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

-
-
-
80
income

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

-
-
-
444
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
trade
-
-
-
167
total
-
-
-
715
Employee

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

447
-
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.

12
-
444
-
health

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

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

80
-
80
-
total
93
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 153
1 600
-
-
chamber of commerce
3
4
-
-
surtax

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

10
13
-
-
trade
182
252
-
-
income
173
240
-
-
total
368
509
-
-
Dividends
786
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.

11
15
-
-
withholding
192
268
-
-
total
203
283
-
-
Income
1 600
1 600
1 600
1 600
Total tax
664
792
548
715
After tax
936
808
1 052
885
Living cost
354
354
354
354
Free-cash
582
454
698
531

Estimated living cost  is $354 per week

$222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$353
$385
$340
$376
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
pensions
-
-
-
192
national
-
-
-
266
municipal
-
-
-
172
total
-
-
-
647
Employee
950
-
1 383
-
municipal
117
-
178
-
national
182
-
275
-
pensions
38
-
55
-
total
337
-
508
-
Employer
950
-
1 383
-
pensions
76
-
111
-
social contributions
10
-
15
-
total
86
-
126
-
Corporate
501
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%.

100
320
-
-
total
100
320
-
-
Dividends
401
1 280
-
-
withholding
88
282
-
-
total
88
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
602
634
647
After tax
989
998
966
953
Living cost
613
613
613
613
Free-cash
376
385
353
340

Estimated living cost  is $613 per week

$417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
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.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$653
$1037
$250
$941
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
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.

-
-
-
447
income
-
-
-
252
surtax
-
-
-
408
microenterprise
-
-
-
-
total
-
-
-
1 107
Employee
341
-
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
61
-
251
-
total
99
-
393
-
Employer
341
-
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.

82
-
311
-
total
82
-
311
-
Corporate
1 177
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%.

235
320
-
-
total
235
320
-
-
Dividends

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

941
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
416
320
704
1 107
After tax
1 184
1 280
896
493
Living cost
243
243
243
243
Free-cash
941
1 037
653
250

Estimated living cost  is $243 per week

$155
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.
$59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$450
$297
$426
$226
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
health
-
-
-
144
income
-
-
-
404
pensions
-
-
-
137
total
-
-
-
685
Employee
997
997
1 383
-
income

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

163
163
163
-
pensions
179
137
137
-
health
153
130
144
-
total
495
430
444
-
Employer
997
997
1 383
-
unemployment
36
36
45
-
health
69
69
86
-
pensions
69
69
86
-
total
174
174
217
-
Corporate
441
428
-
-
income
88
86
-
-
total
88
86
-
-
Dividends
353
343
-
-
income
75
73
-
-
withholding
53
51
-
-
total
128
124
-
-
Income
1 600
1 600
1 600
1 600
Total tax
885
814
661
685
After tax
715
786
939
915
Living cost
489
489
489
489
Free-cash
226
297
450
426

Estimated living cost  is $489 per week

$347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$355
$393
$368
$382
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
-
-
-
122
health
-
-
-
66
accident
-
-
-
2
pensions
-
-
-
114
national
-
-
-
60
unemployment
-
-
-
1
municipal
-
-
-
386
total
-
-
-
751
Employee
685
-
1 269
-
municipal
204
-
378
-
national
-
-
55
-
total
204
-
433
-
Employer
685
-
1 269
-
other
80
-
122
-
unemployment
18
-
28
-
health
42
-
65
-
accident
1
-
2
-
pensions
74
-
114
-
total
215
-
331
-
Corporate
700
1 600
-
-
income
154
352
-
-
total
154
352
-
-
Dividends
546
1 248
-
-
withholding
164
374
-
-
total
164
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
737
726
764
751
After tax
863
874
836
849
Living cost
481
481
481
481
Free-cash
382
393
355
368

Estimated living cost  is $481 per week

$319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
$593
$341
$419
$505
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
health

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

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

-
-
-
80
income

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

-
-
-
444
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
trade
-
-
-
174
total
-
-
-
722
Employee

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

592
-
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.

51
-
444
-
health

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

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

80
-
80
-
total
134
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 008
1 600
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
trade
166
263
-
-
income
151
240
-
-
total
328
520
-
-
Dividends
679
1 080
-
-
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
165
265
-
-
total
174
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
636
800
548
722
After tax
964
800
1 052
878
Living cost
459
459
459
459
Free-cash
505
341
593
419

Estimated living cost  is $459 per week

$307
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$723
$789
$737
$740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
189
health
-
-
-
41
income
-
-
-
254
total
-
-
-
484
Employee
898
898
1 472
-
social contributions
44
75
100
-
income
94
83
246
-
health
9
15
25
-
total
147
173
371
-
Employer
898
898
1 472
-
health
10
17
27
-
social contributions
44
75
100
-
total
54
92
127
-
Corporate
1 021
611
-
-
income
128
76
-
-
total
128
76
-
-
Dividends
894
535
-
-
withholding
152
91
-
-
total
152
91
-
-
Income
1 600
1 600
1 600
1 600
Total tax
481
432
498
484
After tax
1 119
1 168
1 102
1 116
Living cost
379
379
379
379
Free-cash
740
789
723
737

Estimated living cost  is $379 per week

$259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$710
$683
$891
$688
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
health
-
-
-
112
income
-
-
-
196
pensions
-
-
-
160
unemployment
-
-
-
24
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.

313
125
1 339
-
income
38
15
164
-
pensions
31
12
134
-
health
22
9
94
-
unemployment
5
2
20
-
total
96
38
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.

313
125
1 339
-
pensions
61
24
261
-
total
61
24
261
-
Corporate
1 225
1 451
-
-
income
110
131
-
-
total
110
131
-
-
Dividends
1 115
1 320
-
-
social contributions
216
256
-
-
withholding
212
251
-
-
total
428
507
-
-
Income
1 600
1 600
1 600
1 600
Total tax
695
700
673
492
After tax
905
900
927
1 108
Living cost
217
217
217
217
Free-cash
688
683
710
891

Estimated living cost  is $217 per week

$148
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
$640
$998
$576
$926
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
health
-
-
-
208
income
-
-
-
214
pensions
-
-
-
320
total
-
-
-
742
Employee
331
-
1 196
-
income
37
-
231
-
pensions
7
-
24
-
unemployment
5
-
19
-
total
49
-
274
-
Employer
331
-
1 196
-
unemployment
3
-
10
-
health
43
-
155
-
pensions
66
-
239
-
total
112
-
404
-
Corporate
1 157
1 600
-
-
income
231
320
-
-
total
231
320
-
-
Dividends
925
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
392
320
678
742
After tax
1 208
1 280
922
858
Living cost
282
282
282
282
Free-cash
926
998
640
576

Estimated living cost  is $282 per week

$193
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.
$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 Tallinn model

Close
Gdansk , Poland
$593
-$129
$836
$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
other
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
423
pensions
-
-
-
49
total
-
-
-
505
Employee
407
-
1 412
-
income
56
-
308
-
pensions
46
-
90
-
health
47
-
162
-
total
149
-
560
-
Employer
407
-
1 412
-
unemployment
10
-
35
-
accident
7
-
24
-
pensions
66
-
129
-
total
83
-
188
-
Corporate
1 110
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.

999
1 440
-
-
total
999
1 440
-
-
Dividends
111
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 252
1 470
748
505
After tax
348
130
852
1 095
Living cost
259
259
259
259
Free-cash
89
-129
593
836

Estimated living cost  is $259 per week

$189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1183
$1423
$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
122
-
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%.

1 478
1 600
-
-
total
-
-
-
-
Dividends
1 478
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
$607
$865
$541
$786
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
-
-
-
76
health
-
-
-
70
income
-
-
-
218
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
-
-
-
748
Employee
424
-
1 278
-
income
73
-
240
-
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
-
health
6
-
18
-
unemployment
4
-
13
-
total
113
-
360
-
Employer
424
-
1 278
-
other
21
-
64
-
unemployment
4
-
13
-
health
6
-
18
-
accident
3
-
10
-
pensions

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

72
-
217
-
total
106
-
322
-
Corporate
1 069
1 600
-
-
income
225
336
-
-
total
225
336
-
-
Dividends
845
1 264
-
-
withholding
59
88
-
-
total
59
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
503
424
682
748
After tax
1 097
1 176
918
852
Living cost
311
311
311
311
Free-cash
786
865
607
541

Estimated living cost  is $311 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.
$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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$174
$322
$322
$268
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
-
-
-
411
pensions
-
-
-
95
total
-
-
-
506
Employee
1 092
-
1 402
-
income
197
-
313
-
health
18
-
22
-
pensions
105
-
120
-
total
320
-
455
-
Employer
1 092
-
1 402
-
health
21
-
27
-
pensions
129
-
172
-
total
150
-
199
-
Corporate
358
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.

68
304
-
-
total
68
304
-
-
Dividends
290
1 296
-
-
withholding
22
202
-
-
total
22
202
-
-
Income
1 600
1 600
1 600
1 600
Total tax
560
506
654
506
After tax
1 040
1 094
946
1 094
Living cost
772
772
772
772
Free-cash
268
322
174
322

Estimated living cost  is $772 per week

$579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$91
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1158
$1216
$1099
$1163
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
health
-
-
-
47
income
-
-
-
240
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
349
Employee
201
-
1 521
-
income
20
-
152
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

18
-
36
-
health
9
-
19
-
total
49
-
211
-
Employer
201
-
1 521
-
unemployment
1
-
2
-
health
14
-
28
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

22
-
45
-
total
39
-
79
-
Corporate
1 359
1 600
-
-
income
136
160
-
-
total
136
160
-
-
Dividends
1 223
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
285
232
290
349
After tax
1 315
1 368
1 310
1 251
Living cost
152
152
152
152
Free-cash
1 163
1 216
1 158
1 099

Estimated living cost  is $152 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
$292
$139
$268
$168
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
health
-
-
-
144
income
-
-
-
404
pensions
-
-
-
137
total
-
-
-
685
Employee
1 082
997
1 383
-
income

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

163
163
163
-
pensions
137
137
137
-
health
135
130
144
-
total
435
430
444
-
Employer
1 082
997
1 383
-
unemployment
39
36
45
-
health
75
69
86
-
pensions
75
69
86
-
total
189
174
217
-
Corporate
328
428
-
-
income
66
86
-
-
total
66
86
-
-
Dividends
263
343
-
-
income
56
73
-
-
withholding
39
51
-
-
total
95
124
-
-
Income
1 600
1 600
1 600
1 600
Total tax
785
814
661
685
After tax
815
786
939
915
Living cost
647
647
647
647
Free-cash
168
139
292
268

Estimated living cost  is $647 per week

$478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$58
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$524
$814
$537
$710
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
-
-
-
414
health
-
-
-
216
income
-
-
-
145
solidarity contribution
-
-
-
-
total
-
-
-
775
Employee
423
-
1 194
-
social contributions
28
-
78
-
solidarity contribution
-
-
-
-
income
51
-
143
-
health
57
-
161
-
total
136
-
382
-
Employer
423
-
1 194
-
health
38
-
107
-
social contributions
106
-
299
-
total
144
-
406
-
Corporate
1 033
1 600
-
-
income
196
304
-
-
total
196
304
-
-
Dividends
837
1 296
-
-
withholding
126
194
-
-
total
126
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
602
498
788
775
After tax
998
1 102
812
825
Living cost
288
288
288
288
Free-cash
710
814
524
537

Estimated living cost  is $288 per week

$200
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.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$222
$361
$297
$300
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
national
-
-
-
370
regional
-
-
-
18
municipal
-
-
-
10
total
-
-
-
810
Employee
1 038
-
1 600
-
social contributions
350
-
540
-
municipal
5
-
8
-
national
180
-
321
-
regional
10
-
16
-
total
545
-
885
-
Employer
1 038
-
1 600
-
total
-
-
-
-
Corporate
562
1 600
-
-
nationa
135
384
-
-
municipal
22
62
-
-
total
157
446
-
-
Dividends
406
1 154
-
-
withholding
105
300
-
-
total
105
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
807
746
885
810
After tax
793
854
715
790
Living cost
493
493
493
493
Free-cash
300
361
222
297

Estimated living cost  is $493 per week

$343
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.
$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.
$109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$469
$748
$500
$712
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
-
-
-
-
health
-
-
-
111
income
-
-
-
365
pensions
-
-
-
312
surtax
-
-
-
51
unemployment
-
-
-
3
total
-
-
-
842
Employee
386
-
1 322
-
surtax
1
-
46
-
income
65
-
335
-
other
-
-
-
-
pensions
26
-
88
-
health
10
-
34
-
unemployment
27
-
92
-
total
129
-
595
-
Employer
386
-
1 322
-
other
-
-
-
-
unemployment
12
-
42
-
health
18
-
60
-
pensions
51
-
176
-
total
81
-
278
-
Corporate
1 133
1 600
-
-
income
294
416
-
-
total
294
416
-
-
Dividends
838
1 184
-
-
withholding
126
178
-
-
total
126
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
630
594
873
842
After tax
970
1 006
727
758
Living cost
258
258
258
258
Free-cash
712
748
469
500

Estimated living cost  is $258 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$419
$567
$567
$581
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
-
-
-
411
pensions
-
-
-
95
total
-
-
-
506
Employee
732
-
1 402
-
income
132
-
313
-
health
11
-
22
-
pensions
62
-
120
-
total
205
-
455
-
Employer
732
-
1 402
-
health
14
-
27
-
pensions
79
-
172
-
total
93
-
199
-
Corporate
775
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.

147
304
-
-
total
147
304
-
-
Dividends
628
1 296
-
-
withholding
47
202
-
-
total
47
202
-
-
Income
1 600
1 600
1 600
1 600
Total tax
492
506
654
506
After tax
1 108
1 094
946
1 094
Living cost
527
527
527
527
Free-cash
581
567
419
567

Estimated living cost  is $527 per week

$395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$304
-$205
$380
$197
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
health
-
-
-
4
pensions
-
-
-
147
city
-
-
-
17
national
-
-
-
17
regional
-
-
-
66
total
-
-
-
283
Employee
1 097
-
1 432
-
national
5
-
13
-
city
12
-
15
-
pensions
92
-
120
-
health
2
-
3
-
regional
36
-
56
-
unemployment
-
-
-
-
total
147
-
207
-
Employer
1 097
-
1 432
-
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
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
92
-
120
-
total
116
-
152
-
Corporate
374
1 600
-
-
regional
79
338
-
-
national
32
136
-
-
total
111
474
-
-
Dividends
263
1 126
-
-
withholding
92
394
-
-
total
92
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
466
868
359
283
After tax
1 134
732
1 241
1 317
Living cost
937
937
937
937
Free-cash
197
-205
304
380

Estimated living cost  is $937 per week

$610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
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.
$232
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
$517
$257
$336
$445
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
health

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

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

-
-
-
80
income

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

-
-
-
444
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
trade
-
-
-
181
total
-
-
-
729
Employee

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

702
-
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.

83
-
444
-
health

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

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

80
-
80
-
total
168
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
898
1 600
-
-
chamber of commerce
3
4
-
-
surtax

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

7
13
-
-
trade
154
274
-
-
income
135
240
-
-
total
299
531
-
-
Dividends
599
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
145
263
-
-
total
153
277
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
808
548
729
After tax
980
792
1 052
871
Living cost
535
535
535
535
Free-cash
445
257
517
336

Estimated living cost  is $535 per week

$391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$531
$408
$509
$478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
other
-
-
-
50
social contributions
-
-
-
46
health
-
-
-
53
income
-
-
-
214
pensions
-
-
-
329
surtax
-
-
-
-
total
-
-
-
692
Employee
500
-
1 265
-
surtax
-
-
-
-
social contributions
14
-
36
-
income
29
-
222
-
pensions
56
-
77
-
total
99
-
335
-
Employer
500
-
1 265
-
other
17
-
45
-
unemployment
20
-
51
-
health
35
-
104
-
pensions
82
-
131
-
social contributions
2
-
4
-
total
156
-
335
-
Corporate
944
1 600
-
-
surtax
-
-
-
-
income
264
448
-
-
total
264
448
-
-
Dividends
680
1 152
-
-
social contributions
117
198
-
-
surtax
-
-
-
-
withholding
87
147
-
-
total
204
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
723
793
670
692
After tax
877
807
930
908
Living cost
399
399
399
399
Free-cash
478
408
531
509

Estimated living cost  is $399 per week

$252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$570
$447
$548
$512
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
-
-
-
50
social contributions
-
-
-
46
health
-
-
-
53
income
-
-
-
214
pensions
-
-
-
329
surtax
-
-
-
-
total
-
-
-
692
Employee
446
-
1 265
-
surtax
-
-
-
-
social contributions
13
-
36
-
income
23
-
222
-
pensions
50
-
77
-
total
86
-
335
-
Employer
446
-
1 265
-
other
15
-
45
-
unemployment
18
-
51
-
health
31
-
104
-
pensions
73
-
131
-
social contributions
1
-
4
-
total
138
-
335
-
Corporate
1 015
1 600
-
-
surtax
-
-
-
-
income
284
448
-
-
total
284
448
-
-
Dividends
731
1 152
-
-
social contributions
126
198
-
-
surtax
-
-
-
-
withholding
94
147
-
-
total
220
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
728
793
670
692
After tax
872
807
930
908
Living cost
360
360
360
360
Free-cash
512
447
570
548

Estimated living cost  is $360 per week

$209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$759
$728
$779
$733
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
-
-
-
221
health
-
-
-
112
income
-
-
-
240
total
-
-
-
573
Employee
396
-
1 600
-
social contributions
55
-
221
-
income
66
-
260
-
health
28
-
112
-
total
149
-
593
-
Employer
396
-
1 600
-
total
-
-
-
-
Corporate
1 204
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
1 144
1 520
-
-
social contributions
158
210
-
-
withholding
172
228
-
-
health
80
106
-
-
total
410
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
619
624
593
573
After tax
981
976
1 007
1 027
Living cost
248
248
248
248
Free-cash
733
728
759
779

Estimated living cost  is $248 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$20
$478
$400
$458
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
health
-
-
-
104
income
-
-
-
353
chamber of commerce
-
-
-
6
pensions
-
-
-
252
surtax
-
-
-
2
unemployment
-
-
-
72
total
-
-
-
789
Employee
583
465
1 241
-
income
66
34
287
-
other
6
5
12
-
pensions
60
48
127
-
health
23
18
48
-
unemployment
18
14
37
-
total
173
119
511
-
Employer
583
465
1 241
-
other
28
22
59
-
unemployment
18
14
37
-
health
22
18
47
-
surtax
2
2
2
-
accident
8
6
16
-
pensions
73
58
156
-
payroll
18
14
37
-
chamber of commerce
2
2
5
-
total
171
136
359
-
Corporate
846
999
1 196
-
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.

212
250
299
-
total
212
250
299
-
Dividends
635
749
-
-
withholding
175
206
-
-
total
175
206
-
-
Income
1 600
1 600
1 600
1 600
Total tax
731
711
1 169
789
After tax
869
889
431
811
Living cost
411
411
411
411
Free-cash
458
478
20
400

Estimated living cost  is $411 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$162
$470
$282
$295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
252
communal

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

-
-
-
81
national
-
-
-
559
total
-
-
-
892
Employee

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

835
-
1 239
-
national
257
-
424
-
pensions

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

63
-
93
-
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.

39
-
58
-
communal

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

44
-
65
-
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
-
total
410
-
651
-
Employer

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

835
-
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.

12
-
18
-
health

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

51
-
76
-
surtax
95
-
141
-
accident

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

11
-
16
-
pensions

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

74
-
110
-
total
243
-
361
-
Corporate
522
1 600
-
-
surtax
2
6
-
-
income
104
320
-
-
total
106
326
-
-
Dividends
415
1 274
-
-
withholding

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

120
378
-
-
total
120
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
879
704
1 012
892
After tax
721
896
588
708
Living cost
426
426
426
426
Free-cash
295
470
162
282

Estimated living cost  is $426 per week

$274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$420
$650
$476
$562
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
-
-
-
1
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
unemployment
-
-
-
8
total
-
-
-
702
Employee
581
-
1 255
-
income
123
-
344
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
160
-
413
-
Employer
581
-
1 255
-
other
5
-
9
-
unemployment
32
-
60
-
accident
11
-
21
-
pensions
137
-
255
-
total
185
-
345
-
Corporate
834
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.

125
240
-
-
total
125
240
-
-
Dividends
709
1 360
-
-
withholding
146
288
-
-
total
146
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
616
528
758
702
After tax
984
1 072
842
898
Living cost
422
422
422
422
Free-cash
562
650
420
476

Estimated living cost  is $422 per week

$310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$75
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
$271
$325
$209
$202
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
health
-
-
-
112
accident
-
-
-
13
income
-
-
-
212
pensions
-
-
-
240
communal
-
-
-
101
surtax
-
-
-
79
total
-
-
-
757
Employee
884
-
1 429
-
surtax
54
-
88
-
income
85
-
258
-
pensions
71
-
114
-
health
39
-
64
-
total
249
-
524
-
Employer
884
-
1 429
-
health
27
-
44
-
accident
8
-
13
-
pensions
71
-
114
-
total
106
-
171
-
Corporate
610
1 600
-
-
surtax
6
17
-
-
income
92
240
-
-
communal
41
108
-
-
total
139
365
-
-
Dividends
471
1 235
-
-
income
199
91
-
-
withholding
71
185
-
-
total
270
276
-
-
Income
1 600
1 600
1 600
1 600
Total tax
764
641
695
757
After tax
836
959
905
843
Living cost
634
634
634
634
Free-cash
202
325
271
209

Estimated living cost  is $634 per week

$476
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.
$113
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
$465
$744
$496
$709
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
-
-
-
-
health
-
-
-
111
income
-
-
-
365
pensions
-
-
-
312
surtax
-
-
-
51
unemployment
-
-
-
3
total
-
-
-
842
Employee
393
-
1 322
-
surtax
1
-
46
-
income
66
-
335
-
other
-
-
-
-
pensions
26
-
88
-
health
10
-
34
-
unemployment
27
-
92
-
total
130
-
595
-
Employer
393
-
1 322
-
other
-
-
-
-
unemployment
12
-
42
-
health
18
-
60
-
pensions
52
-
176
-
total
82
-
278
-
Corporate
1 124
1 600
-
-
income
292
416
-
-
total
292
416
-
-
Dividends
832
1 184
-
-
withholding
125
178
-
-
total
125
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
629
594
873
842
After tax
971
1 006
727
758
Living cost
262
262
262
262
Free-cash
709
744
465
496

Estimated living cost  is $262 per week

$158
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.
$75
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
$395
$527
$470
$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
social contributions
-
-
-
412
national
-
-
-
370
regional
-
-
-
24
municipal
-
-
-
10
total
-
-
-
816
Employee
648
-
1 600
-
social contributions
218
-
540
-
municipal
3
-
8
-
national
103
-
321
-
regional
9
-
22
-
total
333
-
891
-
Employer
648
-
1 600
-
total
-
-
-
-
Corporate
952
1 600
-
-
nationa
229
384
-
-
municipal
47
80
-
-
total
276
464
-
-
Dividends
676
1 136
-
-
withholding
176
295
-
-
total
176
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
785
759
891
816
After tax
815
841
709
784
Living cost
314
314
314
314
Free-cash
501
527
395
470

Estimated living cost  is $314 per week

$196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$457
$747
$470
$620
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
-
-
-
414
health
-
-
-
216
income
-
-
-
145
solidarity contribution
-
-
-
-
total
-
-
-
775
Employee
521
-
1 194
-
social contributions
34
-
78
-
solidarity contribution
-
-
-
-
income
63
-
143
-
health
70
-
161
-
total
167
-
382
-
Employer
521
-
1 194
-
health
47
-
107
-
social contributions
130
-
299
-
total
177
-
406
-
Corporate
901
1 600
-
-
income
171
304
-
-
total
171
304
-
-
Dividends
730
1 296
-
-
withholding
110
194
-
-
total
110
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
625
498
788
775
After tax
975
1 102
812
825
Living cost
355
355
355
355
Free-cash
620
747
457
470

Estimated living cost  is $355 per week

$264
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.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$59
$519
$441
$515
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
health
-
-
-
104
income
-
-
-
353
chamber of commerce
-
-
-
6
pensions
-
-
-
252
surtax
-
-
-
-
unemployment
-
-
-
72
total
-
-
-
787
Employee
510
465
1 242
-
income
45
34
288
-
other
5
5
12
-
pensions
52
48
127
-
health
20
18
48
-
unemployment
15
14
37
-
total
137
119
512
-
Employer
510
465
1 242
-
other
24
22
59
-
unemployment
15
14
37
-
health
19
18
47
-
surtax
-
-
-
-
accident
7
6
16
-
pensions
64
58
156
-
payroll
15
14
37
-
chamber of commerce
2
2
5
-
total
146
134
357
-
Corporate
943
1 001
1 198
-
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.

236
250
300
-
total
236
250
300
-
Dividends
707
751
-
-
withholding
194
206
-
-
total
194
206
-
-
Income
1 600
1 600
1 600
1 600
Total tax
713
709
1 169
787
After tax
887
891
431
813
Living cost
372
372
372
372
Free-cash
515
519
59
441

Estimated living cost  is $372 per week

$223
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1128
$1368
$1432
$1339
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
190
-
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%.

1 410
1 600
-
-
total
-
-
-
-
Dividends
1 410
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
152
152
152
152
Free-cash
1 339
1 368
1 128
1 432

Estimated living cost  is $152 per week

$103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$449
$789
$493
$691
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
health
-
-
-
157
income
-
-
-
343
pensions
-
-
-
292
unemployment
-
-
-
2
total
-
-
-
794
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.

516
-
1 384
-
income
89
-
316
-
pensions
80
-
215
-
health
33
-
89
-
unemployment
1
-
2
-
total
203
-
622
-
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.

516
-
1 384
-
unemployment
-
-
1
-
health
34
-
92
-
pensions
46
-
123
-
total
80
-
216
-
Corporate
1 003
1 600
-
-
income
191
304
-
-
total
191
304
-
-
Dividends
813
1 296
-
-
withholding
122
194
-
-
total
122
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
596
498
838
794
After tax
1 004
1 102
762
806
Living cost
313
313
313
313
Free-cash
691
789
449
493

Estimated living cost  is $313 per week

$215
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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$913
$447
$580
-$218
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
-
-
-
182
income
-
-
-
312
total
-
-
-
494
Employee
755
-
-
-
social contributions
62
-
9
-
income
166
-
-
-
total
228
-
9
-
Employer
755
-
-
-
social contributions
1 064
-
152
-
total
1 064
-
152
-
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
1 292
627
161
494
After tax
308
973
1 439
1 106
Living cost
526
526
526
526
Free-cash
-218
447
913
580

Estimated living cost  is $526 per week

$341
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.
$129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$399
$544
$506
$532
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
social contributions

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

-
-
-
556
income
-
-
-
172
surtax
-
-
-
-
total
-
-
-
728
Employee
537
-
1 293
-
surtax
-
-
-
-
social contributions
59
-
142
-
income
112
-
386
-
total
171
-
528
-
Employer
537
-
1 293
-
social contributions
128
-
307
-
total
128
-
307
-
Corporate
936
1 600
-
-
surtax
-
-
-
-
income
196
336
-
-
total
196
336
-
-
Dividends
739
1 264
-
-
withholding
207
354
-
-
total
207
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
702
690
835
728
After tax
898
910
765
872
Living cost
366
366
366
366
Free-cash
532
544
399
506

Estimated living cost  is $366 per week

$274
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.
$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 Lisbon model

Close
Paris , France
$366
$243
$344
$323
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
-
-
-
50
social contributions
-
-
-
46
health
-
-
-
53
income
-
-
-
214
pensions
-
-
-
329
surtax
-
-
-
-
total
-
-
-
692
Employee
731
-
1 265
-
surtax
-
-
-
-
social contributions
21
-
36
-
income
64
-
222
-
pensions
83
-
77
-
total
168
-
335
-
Employer
731
-
1 265
-
other
25
-
45
-
unemployment
30
-
51
-
health
51
-
104
-
pensions
120
-
131
-
social contributions
2
-
4
-
total
228
-
335
-
Corporate
640
1 600
-
-
surtax
-
-
-
-
income
179
448
-
-
total
179
448
-
-
Dividends
461
1 152
-
-
social contributions
79
198
-
-
surtax
-
-
-
-
withholding
59
147
-
-
total
138
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
713
793
670
692
After tax
887
807
930
908
Living cost
564
564
564
564
Free-cash
323
243
366
344

Estimated living cost  is $564 per week

$382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Paris model

Close
Andorra , Andorra
$885
$1089
$843
$1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
54
social contributions
-
-
-
352
total
-
-
-
406
Employee
375
-
1 385
-
income
-
-
59
-
social contributions
24
-
90
-
total
24
-
149
-
Employer
375
-
1 385
-
social contributions
58
-
215
-
total
58
-
215
-
Corporate
1 167
1 600
-
-
income
117
160
-
-
total
117
160
-
-
Dividends
1 050
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
199
160
364
406
After tax
1 401
1 440
1 236
1 194
Living cost
351
351
351
351
Free-cash
1 050
1 089
885
843

Estimated living cost  is $351 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$938
-$938
$409
-$938
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
pensions
-
-
-
10
national
-
-
-
173
municipal
-
-
-
320
total
-
-
-
630
Employee
2 369
2 369
2 369
-
labour market
189
189
189
-
municipal
504
504
504
-
national
289
289
289
-
pensions
3
3
3
-
total
985
985
985
-
Employer
2 369
2 369
2 369
-
national
290
290
290
-
labour market
190
190
190
-
pensions
7
7
7
-
municipal
505
505
505
-
total
992
992
992
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 977
1 977
1 977
630
After tax
-377
-377
-377
970
Living cost
561
561
561
561
Free-cash
-938
-938
-938
409

Estimated living cost  is $561 per week

$384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
$597
-$125
$840
$90
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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
423
pensions
-
-
-
49
total
-
-
-
505
Employee
401
-
1 412
-
income
55
-
308
-
pensions
45
-
90
-
health
46
-
162
-
total
146
-
560
-
Employer
401
-
1 412
-
unemployment
10
-
35
-
accident
7
-
24
-
pensions
65
-
129
-
total
82
-
188
-
Corporate
1 118
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.

1 006
1 440
-
-
total
1 006
1 440
-
-
Dividends
112
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 255
1 470
748
505
After tax
345
130
852
1 095
Living cost
255
255
255
255
Free-cash
90
-125
597
840

Estimated living cost  is $255 per week

$185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$421
$583
$640
$593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
national
-
-
-
208
municipal
-
-
-
284
total
-
-
-
512
Employee
614
-
1 346
-
municipal
101
-
219
-
national
10
-
131
-
pensions
41
-
91
-
health
5
-
16
-
unemployment
9
-
20
-
total
166
-
477
-
Employer
614
-
1 346
-
unemployment
4
-
9
-
health
5
-
10
-
accident
1
-
1
-
pensions
107
-
234
-
total
117
-
254
-
Corporate
870
1 600
-
-
income
174
320
-
-
total
174
320
-
-
Dividends

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

522
960
-
-
national
8
76
-
-
municipal
94
173
-
-
total
102
249
-
-
Income
1 600
1 600
1 600
1 600
Total tax
559
569
731
512
After tax
1 041
1 031
869
1 088
Living cost
448
448
448
448
Free-cash
593
583
421
640

Estimated living cost  is $448 per week

$293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$832
$898
$846
$834
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
-
-
-
189
health
-
-
-
41
income
-
-
-
254
total
-
-
-
484
Employee
898
898
1 472
-
social contributions
34
75
100
-
income
98
83
246
-
health
7
15
25
-
total
139
173
371
-
Employer
898
898
1 472
-
health
8
17
27
-
social contributions
34
75
100
-
total
42
92
127
-
Corporate
1 150
611
-
-
income
144
76
-
-
total
144
76
-
-
Dividends
1 006
535
-
-
withholding
171
91
-
-
total
171
91
-
-
Income
1 600
1 600
1 600
1 600
Total tax
496
432
498
484
After tax
1 104
1 168
1 102
1 116
Living cost
270
270
270
270
Free-cash
834
898
832
846

Estimated living cost  is $270 per week

$162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$904
$1140
$1140
$1081
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
health
-
-
-
42
income
-
-
-
159
pensions
-
-
-
74
unemployment
-
-
-
-
total
-
-
-
275
Employee

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

268
-
1 486
-
income
18
-
130
-
pensions
40
-
166
-
health
23
-
94
-
unemployment
1
-
6
-
total
82
-
396
-
Employer

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

268
-
1 486
-
unemployment
1
-
6
-
health
12
-
48
-
pensions
15
-
61
-
total
28
-
115
-
Corporate
1 304
1 600
-
-
income
117
144
-
-
total
117
144
-
-
Dividends
1 187
1 456
-
-
withholding
107
131
-
-
total
107
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
334
275
511
275
After tax
1 266
1 325
1 089
1 325
Living cost
185
185
185
185
Free-cash
1 081
1 140
904
1 140

Estimated living cost  is $185 per week

$118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
$521
$751
$577
$695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
unemployment
-
-
-
8
total
-
-
-
702
Employee
432
-
1 255
-
income
83
-
344
-
other
-
-
1
-
pensions
20
-
51
-
unemployment
7
-
17
-
total
110
-
413
-
Employer
432
-
1 255
-
other
3
-
9
-
unemployment
24
-
60
-
accident
9
-
21
-
pensions
102
-
255
-
total
138
-
345
-
Corporate
1 031
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.

155
240
-
-
total
155
240
-
-
Dividends
876
1 360
-
-
withholding
181
288
-
-
total
181
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
584
528
758
702
After tax
1 016
1 072
842
898
Living cost
321
321
321
321
Free-cash
695
751
521
577

Estimated living cost  is $321 per week

$217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1003
$976
$1006
$973
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
health
-
-
-
11
income
-
-
-
545
pensions
-
-
-
16
total
-
-
-
572
Employee
33
-
1 582
-
income
6
-
545
-
pensions
3
-
7
-
health
2
-
4
-
unemployment
-
-
1
-
total
11
-
557
-
Employer
33
-
1 582
-
unemployment
1
-
2
-
health
3
-
7
-
pensions
4
-
9
-
total
8
-
18
-
Corporate
1 560
1 600
-
-
income
343
352
-
-
total
343
352
-
-
Dividends
1 217
1 248
-
-
withholding
243
250
-
-
total
243
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
605
602
575
572
After tax
995
998
1 025
1 028
Living cost
22
22
22
22
Free-cash
973
976
1 003
1 006

Estimated living cost  is $22 per week

$13
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
$723
$954
$721
$897
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
health
-
-
-
89
income
-
-
-
351
pensions
-
-
-
224
unemployment
-
-
-
13
total
-
-
-
677
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.

304
-
1 446
-
income
42
-
351
-
pensions
43
-
121
-
health
16
-
44
-
unemployment
2
-
6
-
total
103
-
522
-
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.

304
-
1 446
-
unemployment
2
-
6
-
health
16
-
44
-
pensions
36
-
103
-
total
54
-
153
-
Corporate
1 242
1 600
-
-
income
186
240
-
-
total
186
240
-
-
Dividends
1 055
1 360
-
-
withholding
158
204
-
-
total
158
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
501
444
675
677
After tax
1 099
1 156
925
923
Living cost
202
202
202
202
Free-cash
897
954
723
721

Estimated living cost  is $202 per week

$136
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.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$450
$595
$557
$590
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
social contributions

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

-
-
-
556
income
-
-
-
172
surtax
-
-
-
-
total
-
-
-
728
Employee
453
-
1 293
-
surtax
-
-
-
-
social contributions
50
-
142
-
income
89
-
386
-
total
139
-
528
-
Employer
453
-
1 293
-
social contributions
108
-
307
-
total
108
-
307
-
Corporate
1 039
1 600
-
-
surtax
-
-
-
-
income
218
336
-
-
total
218
336
-
-
Dividends
821
1 264
-
-
withholding
230
354
-
-
total
230
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
695
690
835
728
After tax
905
910
765
872
Living cost
315
315
315
315
Free-cash
590
595
450
557

Estimated living cost  is $315 per week

$223
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.
$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 Porto model

Close
Madrid , Spain
$432
$662
$488
$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
-
-
-
1 600
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
unemployment
-
-
-
8
total
-
-
-
702
Employee
564
-
1 255
-
income
118
-
344
-
other
1
-
1
-
pensions
26
-
51
-
unemployment
9
-
17
-
total
154
-
413
-
Employer
564
-
1 255
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
21
-
pensions
133
-
255
-
total
180
-
345
-
Corporate
856
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.

128
240
-
-
total
128
240
-
-
Dividends
728
1 360
-
-
withholding
150
288
-
-
total
150
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
612
528
758
702
After tax
988
1 072
842
898
Living cost
410
410
410
410
Free-cash
578
662
432
488

Estimated living cost  is $410 per week

$295
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.
$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 Madrid model

Close
Sofia , Bulgaria
$1111
$1169
$1052
$1099
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
health
-
-
-
47
income
-
-
-
240
pensions

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

-
-
-
60
unemployment
-
-
-
2
total
-
-
-
349
Employee
264
-
1 521
-
income
26
-
152
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

23
-
36
-
health
12
-
19
-
total
64
-
211
-
Employer
264
-
1 521
-
unemployment
2
-
2
-
health
18
-
28
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

29
-
45
-
total
52
-
79
-
Corporate
1 284
1 600
-
-
income
128
160
-
-
total
128
160
-
-
Dividends
1 156
1 440
-
-
withholding
58
72
-
-
total
58
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
302
232
290
349
After tax
1 298
1 368
1 310
1 251
Living cost
199
199
199
199
Free-cash
1 099
1 169
1 111
1 052

Estimated living cost  is $199 per week

$132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$601
$373
$449
$525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
health

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

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

-
-
-
80
income

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

-
-
-
444
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
trade
-
-
-
152
total
-
-
-
700
Employee

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

581
-
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.

48
-
444
-
health

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

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

80
-
80
-
total
131
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 019
1 600
-
-
chamber of commerce
3
4
-
-
surtax

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

8
13
-
-
trade
146
230
-
-
income
153
240
-
-
total
310
487
-
-
Dividends
708
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.

10
15
-
-
withholding
173
274
-
-
total
183
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
624
776
548
700
After tax
976
824
1 052
900
Living cost
451
451
451
451
Free-cash
525
373
601
449

Estimated living cost  is $451 per week

$311
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.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$232
$455
$232
$481
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
-
-
-
447
social contributions
-
-
-
256
total
-
-
-
703
Employee
913
-
1 600
-
income
172
-
447
-
social contributions
76
-
256
-
total
248
-
703
-
Employer
913
-
1 600
-
total
-
-
-
-
Corporate
687
1 600
-
-
income
86
200
-
-
total
86
200
-
-
Dividends
601
1 400
-
-
withholding
120
280
-
-
total
120
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
454
480
703
703
After tax
1 146
1 120
897
897
Living cost
665
665
665
665
Free-cash
481
455
232
232

Estimated living cost  is $665 per week

$506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$741
$554
$772
$594
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
-
-
-
332
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
-
-
-
404
Employee
536
-
1 546
-
income
58
-
327
-
social contributions
54
-
54
-
total
112
-
381
-
Employer
536
-
1 546
-
social contributions
54
-
54
-
total
54
-
54
-
Corporate
1 011
1 600
-
-
income
354
560
-
-
total
354
560
-
-
Dividends
657
1 040
-
-
social contributions
62
62
-
-
total
62
62
-
-
Income
1 600
1 600
1 600
1 600
Total tax
582
622
435
404
After tax
1 018
978
1 165
1 196
Living cost
424
424
424
424
Free-cash
594
554
741
772

Estimated living cost  is $424 per week

$279
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.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$517
$665
$665
$705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
411
pensions
-
-
-
95
total
-
-
-
506
Employee
589
-
1 402
-
income
107
-
313
-
health
8
-
22
-
pensions
45
-
120
-
total
160
-
455
-
Employer
589
-
1 402
-
health
11
-
27
-
pensions
59
-
172
-
total
70
-
199
-
Corporate
941
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.

179
304
-
-
total
179
304
-
-
Dividends
762
1 296
-
-
withholding
57
202
-
-
total
57
202
-
-
Income
1 600
1 600
1 600
1 600
Total tax
466
506
654
506
After tax
1 134
1 094
946
1 094
Living cost
429
429
429
429
Free-cash
705
665
517
665

Estimated living cost  is $429 per week

$294
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.
$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.
$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 Edinburgh model

Close
Warsaw , Poland
$572
-$150
$815
$87
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
-
-
-
4
health
-
-
-
26
accident
-
-
-
3
income
-
-
-
423
pensions
-
-
-
49
total
-
-
-
505
Employee
440
-
1 412
-
income
60
-
308
-
pensions
50
-
90
-
health
50
-
162
-
total
160
-
560
-
Employer
440
-
1 412
-
unemployment
11
-
35
-
accident
7
-
24
-
pensions
72
-
129
-
total
90
-
188
-
Corporate
1 070
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.

963
1 440
-
-
total
963
1 440
-
-
Dividends
107
160
-
-
withholding
20
30
-
-
total
20
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 233
1 470
748
505
After tax
367
130
852
1 095
Living cost
280
280
280
280
Free-cash
87
-150
572
815

Estimated living cost  is $280 per week

$205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
$929
$1189
$747
$1136
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
-
-
-
257
health insurance
-
-
-
118
work injury
-
-
-
8
pensions
-
-
-
294
unemployment
-
-
-
19
total
-
-
-
696
Employee

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

252
-
1 600
-
income
25
-
257
-
work injury
1
-
5
-
health insurance
19
-
69
-
pensions
46
-
172
-
unemployment
3
-
11
-
total
94
-
514
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 348
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
1 335
1 584
-
-
withholding
200
238
-
-
total
200
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
307
254
514
696
After tax
1 293
1 346
1 086
904
Living cost
157
157
157
157
Free-cash
1 136
1 189
929
747

Estimated living cost  is $157 per week

$98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
$233
$378
$306
$324
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
national
-
-
-
370
regional
-
-
-
36
municipal
-
-
-
11
total
-
-
-
829
Employee
984
-
1 600
-
social contributions
332
-
540
-
municipal
6
-
10
-
national
166
-
321
-
regional
15
-
31
-
total
519
-
902
-
Employer
984
-
1 600
-
total
-
-
-
-
Corporate
616
1 600
-
-
nationa
148
384
-
-
municipal
30
77
-
-
total
178
461
-
-
Dividends
439
1 139
-
-
withholding
114
296
-
-
total
114
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
811
757
902
829
After tax
789
843
698
771
Living cost
465
465
465
465
Free-cash
324
378
233
306

Estimated living cost  is $465 per week

$327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close