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
$583
$699
$455
$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

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
trade
-
-
-
167
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
total
-
-
-
715
Employee

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

446
-
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
-
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.

12
-
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.

1
-
24
-
total
93
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 154
1 600
-
-
income
173
240
-
-
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
-
-
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
353
353
353
353
Free-cash
583
455
699
532

Estimated living cost  is $353 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
$382
$358
$391
$346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
17
municipal
-
-
-
172
pensions
-
-
-
192
national
-
-
-
266
total
-
-
-
647
Employee
940
-
1 383
-
pensions
38
-
55
-
municipal
116
-
178
-
national
180
-
276
-
total
334
-
509
-
Employer
940
-
1 383
-
pensions
75
-
111
-
social contributions
10
-
15
-
total
85
-
126
-
Corporate
512
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%.

102
320
-
-
total
102
320
-
-
Dividends
410
1 280
-
-
withholding
90
282
-
-
total
90
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
602
635
647
After tax
989
998
965
953
Living cost
607
607
607
607
Free-cash
382
391
358
346

Estimated living cost  is $607 per week

$412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$56
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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

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
$942
$653
$1037
$250
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
-
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.

37
-
142
-
income
61
-
251
-
surtax
-
-
-
-
total
98
-
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.

942
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
415
320
704
1 107
After tax
1 185
1 280
896
493
Living cost
243
243
243
243
Free-cash
942
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
$226
$450
$296
$425
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
-
-
-
405
pensions
-
-
-
137
total
-
-
-
686
Employee
996
996
1 383
-
pensions
179
137
137
-
health
153
130
144
-
income

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

163
163
163
-
total
495
430
444
-
Employer
996
996
1 383
-
pensions
69
69
86
-
health
69
69
86
-
unemployment
36
36
45
-
total
174
174
217
-
Corporate
442
430
-
-
income
88
86
-
-
total
88
86
-
-
Dividends
353
344
-
-
income
75
73
-
-
withholding
53
52
-
-
total
128
125
-
-
Income
1 600
1 600
1 600
1 600
Total tax
885
815
661
686
After tax
715
785
939
914
Living cost
489
489
489
489
Free-cash
226
296
450
425

Estimated living cost  is $489 per week

$346
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
$384
$355
$394
$369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
2
health
-
-
-
66
municipal
-
-
-
386
pensions
-
-
-
114
other
-
-
-
122
unemployment
-
-
-
1
national
-
-
-
60
total
-
-
-
751
Employee
684
-
1 269
-
municipal
204
-
379
-
national
-
-
55
-
total
204
-
434
-
Employer
684
-
1 269
-
pensions
74
-
114
-
other
79
-
122
-
health
42
-
65
-
unemployment
18
-
28
-
accident
1
-
2
-
total
214
-
331
-
Corporate
701
1 600
-
-
income
154
352
-
-
total
154
352
-
-
Dividends
547
1 248
-
-
withholding
164
374
-
-
total
164
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
736
726
765
751
After tax
864
874
835
849
Living cost
480
480
480
480
Free-cash
384
394
355
369

Estimated living cost  is $480 per week

$318
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
$505
$594
$342
$420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
trade
-
-
-
174
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
total
-
-
-
722
Employee

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

591
-
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
-
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.

51
-
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.

3
-
24
-
total
134
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 009
1 600
-
-
income
151
240
-
-
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
-
-
total
328
520
-
-
Dividends
680
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
166
265
-
-
total
175
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
637
800
548
722
After tax
963
800
1 052
878
Living cost
458
458
458
458
Free-cash
505
342
594
420

Estimated living cost  is $458 per week

$306
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
$741
$724
$791
$738
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
897
897
1 472
-
health
9
15
25
-
social contributions
44
74
100
-
income
94
83
246
-
total
147
172
371
-
Employer
897
897
1 472
-
health
10
17
27
-
social contributions
44
74
100
-
total
54
91
127
-
Corporate
1 022
612
-
-
income
128
77
-
-
total
128
77
-
-
Dividends
894
536
-
-
withholding
152
91
-
-
total
152
91
-
-
Income
1 600
1 600
1 600
1 600
Total tax
481
431
498
484
After tax
1 119
1 169
1 102
1 116
Living cost
378
378
378
378
Free-cash
741
791
724
738

Estimated living cost  is $378 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
$688
$712
$685
$893
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.

311
124
1 339
-
unemployment
5
2
20
-
pensions
31
12
134
-
health
22
9
94
-
income
38
15
164
-
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.

311
124
1 339
-
pensions
61
24
261
-
total
61
24
261
-
Corporate
1 228
1 452
-
-
income
111
131
-
-
total
111
131
-
-
Dividends
1 118
1 321
-
-
social contributions
217
256
-
-
withholding
212
251
-
-
total
429
507
-
-
Income
1 600
1 600
1 600
1 600
Total tax
697
700
673
492
After tax
903
900
927
1 108
Living cost
215
215
215
215
Free-cash
688
685
712
893

Estimated living cost  is $215 per week

$147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$926
$640
$998
$576
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
-
unemployment
5
-
19
-
pensions
7
-
24
-
income
37
-
231
-
total
49
-
274
-
Employer
331
-
1 196
-
pensions
66
-
239
-
health
43
-
155
-
unemployment
3
-
10
-
total
112
-
404
-
Corporate
1 157
1 600
-
-
income
231
320
-
-
total
231
320
-
-
Dividends
926
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
$89
$591
-$130
$836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
422
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
504
Employee
408
-
1 412
-
pensions
46
-
90
-
health
47
-
162
-
income
56
-
308
-
total
149
-
560
-
Employer
408
-
1 412
-
pensions
66
-
130
-
unemployment
10
-
35
-
accident
7
-
24
-
total
83
-
189
-
Corporate
1 108
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.

998
1 440
-
-
total
998
1 440
-
-
Dividends
111
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 251
1 470
749
504
After tax
349
130
851
1 096
Living cost
260
260
260
260
Free-cash
89
-130
591
836

Estimated living cost  is $260 per week

$190
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.
$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 Gdansk model

Close
Batumi , Georgia
$1406
$1184
$1424
$1488
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
120
-
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%.

1 480
1 600
-
-
total
-
-
-
-
Dividends
1 480
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
96
96
96
96
Free-cash
1 406
1 424
1 184
1 488

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$786
$607
$865
$541
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
-
-
-
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
other
-
-
-
76
total
-
-
-
748
Employee
423
-
1 278
-
unemployment
4
-
13
-
pensions

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

30
-
89
-
health
6
-
18
-
income
73
-
240
-
total
113
-
360
-
Employer
423
-
1 278
-
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
-
other
21
-
64
-
health
6
-
18
-
unemployment
4
-
13
-
accident
3
-
10
-
total
106
-
322
-
Corporate
1 070
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
$275
$178
$326
$326
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
-
-
-
413
pensions
-
-
-
95
total
-
-
-
508
Employee
1 084
-
1 402
-
pensions
105
-
120
-
health
18
-
22
-
income
195
-
315
-
total
318
-
457
-
Employer
1 084
-
1 402
-
pensions
128
-
172
-
health
21
-
27
-
total
149
-
199
-
Corporate
367
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.

70
304
-
-
total
70
304
-
-
Dividends
297
1 296
-
-
withholding
22
204
-
-
total
22
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
559
508
656
508
After tax
1 041
1 092
944
1 092
Living cost
766
766
766
766
Free-cash
275
326
178
326

Estimated living cost  is $766 per week

$574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$90
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$1162
$1157
$1215
$1098
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
203
-
1 520
-
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
-
income
20
-
152
-
total
49
-
211
-
Employer
203
-
1 520
-
pensions

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

22
-
45
-
health
14
-
28
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
39
-
79
-
Corporate
1 358
1 600
-
-
income
136
160
-
-
total
136
160
-
-
Dividends
1 222
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
153
153
153
153
Free-cash
1 162
1 215
1 157
1 098

Estimated living cost  is $153 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.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$167
$292
$138
$267
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
-
-
-
405
pensions
-
-
-
137
total
-
-
-
686
Employee
1 081
996
1 383
-
pensions
137
137
137
-
health
135
130
144
-
income

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

163
163
163
-
total
435
430
444
-
Employer
1 081
996
1 383
-
pensions
75
69
86
-
health
75
69
86
-
unemployment
39
36
45
-
total
189
174
217
-
Corporate
329
430
-
-
income
66
86
-
-
total
66
86
-
-
Dividends
263
344
-
-
income
56
73
-
-
withholding
40
52
-
-
total
96
125
-
-
Income
1 600
1 600
1 600
1 600
Total tax
786
815
661
686
After tax
814
785
939
914
Living cost
647
647
647
647
Free-cash
167
138
292
267

Estimated living cost  is $647 per week

$477
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.
$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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$708
$522
$812
$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
-
-
-
1 600
social contributions
-
-
-
417
health
-
-
-
216
income
-
-
-
145
solidarity contribution
-
-
-
-
total
-
-
-
778
Employee
426
-
1 194
-
solidarity contribution
-
-
-
-
health
58
-
161
-
social contributions
28
-
78
-
income
51
-
143
-
total
137
-
382
-
Employer
426
-
1 194
-
health
38
-
107
-
social contributions
106
-
299
-
total
144
-
406
-
Corporate
1 029
1 600
-
-
income
196
304
-
-
total
196
304
-
-
Dividends
834
1 296
-
-
withholding
125
194
-
-
total
125
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
602
498
788
778
After tax
998
1 102
812
822
Living cost
290
290
290
290
Free-cash
708
812
522
532

Estimated living cost  is $290 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$300
$222
$362
$298
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
municipal
-
-
-
10
regional
-
-
-
18
national
-
-
-
370
total
-
-
-
810
Employee
1 037
-
1 600
-
regional
10
-
16
-
municipal
5
-
8
-
national
180
-
322
-
social contributions
350
-
540
-
total
545
-
886
-
Employer
1 037
-
1 600
-
total
-
-
-
-
Corporate
563
1 600
-
-
municipal
22
62
-
-
nationa
135
384
-
-
total
157
446
-
-
Dividends
406
1 154
-
-
withholding
106
300
-
-
total
106
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
808
746
886
810
After tax
792
854
714
790
Living cost
492
492
492
492
Free-cash
300
362
222
298

Estimated living cost  is $492 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
$712
$470
$749
$502
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
-
-
-
111
income
-
-
-
365
surtax
-
-
-
51
pensions
-
-
-
311
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
841
Employee
386
-
1 322
-
unemployment
27
-
92
-
pensions
26
-
88
-
health
10
-
34
-
income
65
-
335
-
other
-
-
-
-
surtax
1
-
46
-
total
129
-
595
-
Employer
386
-
1 322
-
pensions
51
-
176
-
other
-
-
-
-
health
18
-
60
-
unemployment
12
-
42
-
total
81
-
278
-
Corporate
1 133
1 600
-
-
income
295
416
-
-
total
295
416
-
-
Dividends
839
1 184
-
-
withholding
126
178
-
-
total
126
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
631
594
873
841
After tax
969
1 006
727
759
Living cost
257
257
257
257
Free-cash
712
749
470
502

Estimated living cost  is $257 per week

$157
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
$584
$420
$568
$568
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
-
-
-
413
pensions
-
-
-
95
total
-
-
-
508
Employee
727
-
1 402
-
pensions
62
-
120
-
health
11
-
22
-
income
131
-
315
-
total
204
-
457
-
Employer
727
-
1 402
-
pensions
79
-
172
-
health
14
-
27
-
total
93
-
199
-
Corporate
781
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.

148
304
-
-
total
148
304
-
-
Dividends
632
1 296
-
-
withholding
47
204
-
-
total
47
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
492
508
656
508
After tax
1 108
1 092
944
1 092
Living cost
524
524
524
524
Free-cash
584
568
420
568

Estimated living cost  is $524 per week

$392
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.
$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
$203
$314
-$194
$391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
health
-
-
-
4
pensions
-
-
-
147
other

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

-
-
-
32
regional
-
-
-
66
city
-
-
-
17
national
-
-
-
17
total
-
-
-
283
Employee
1 084
-
1 432
-
unemployment
-
-
-
-
pensions
91
-
120
-
regional
35
-
57
-
national
5
-
13
-
health
2
-
3
-
city
12
-
15
-
total
145
-
208
-
Employer
1 084
-
1 432
-
pensions
91
-
120
-
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
-
health
2
-
3
-
unemployment
-
-
-
-
total
115
-
152
-
Corporate
389
1 600
-
-
regional
82
338
-
-
national
33
136
-
-
total
115
474
-
-
Dividends
274
1 126
-
-
withholding
96
394
-
-
total
96
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
471
868
360
283
After tax
1 129
732
1 240
1 317
Living cost
926
926
926
926
Free-cash
203
-194
314
391

Estimated living cost  is $926 per week

$602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$83
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$11
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.
$229
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
$447
$518
$258
$337
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
trade
-
-
-
181
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
total
-
-
-
729
Employee

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

701
-
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
-
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.

82
-
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.

5
-
24
-
total
167
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
899
1 600
-
-
income
135
240
-
-
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
-
-
total
299
531
-
-
Dividends
600
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
619
808
548
729
After tax
981
792
1 052
871
Living cost
534
534
534
534
Free-cash
447
258
518
337

Estimated living cost  is $534 per week

$390
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
$477
$531
$408
$509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
46
health
-
-
-
53
income
-
-
-
214
surtax
-
-
-
-
pensions
-
-
-
329
other
-
-
-
50
total
-
-
-
692
Employee
499
-
1 265
-
pensions
56
-
77
-
social contributions
14
-
36
-
income
29
-
222
-
surtax
-
-
-
-
total
99
-
335
-
Employer
499
-
1 265
-
pensions
82
-
131
-
other
17
-
45
-
health
35
-
104
-
unemployment
20
-
51
-
social contributions
2
-
4
-
total
156
-
335
-
Corporate
945
1 600
-
-
income
265
448
-
-
surtax
-
-
-
-
total
265
448
-
-
Dividends
680
1 152
-
-
surtax
-
-
-
-
social contributions
117
198
-
-
withholding
87
147
-
-
total
204
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
724
793
670
692
After tax
876
807
930
908
Living cost
399
399
399
399
Free-cash
477
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
$512
$571
$448
$548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
46
health
-
-
-
53
income
-
-
-
214
surtax
-
-
-
-
pensions
-
-
-
329
other
-
-
-
50
total
-
-
-
692
Employee
446
-
1 265
-
pensions
50
-
77
-
social contributions
13
-
36
-
income
23
-
222
-
surtax
-
-
-
-
total
86
-
335
-
Employer
446
-
1 265
-
pensions
73
-
131
-
other
15
-
45
-
health
31
-
104
-
unemployment
18
-
51
-
social contributions
1
-
4
-
total
138
-
335
-
Corporate
1 015
1 600
-
-
income
284
448
-
-
surtax
-
-
-
-
total
284
448
-
-
Dividends
731
1 152
-
-
surtax
-
-
-
-
social contributions
126
198
-
-
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
448
571
548

Estimated living cost  is $360 per week

$208
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
$734
$760
$729
$780
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
395
-
1 600
-
health
28
-
112
-
social contributions
55
-
221
-
income
66
-
260
-
total
149
-
593
-
Employer
395
-
1 600
-
total
-
-
-
-
Corporate
1 205
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
-
-
health
80
106
-
-
social contributions
158
210
-
-
withholding
172
228
-
-
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
247
247
247
247
Free-cash
734
729
760
780

Estimated living cost  is $247 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
$461
$20
$478
$400
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
surtax
-
-
-
2
income
-
-
-
353
chamber of commerce
-
-
-
6
pensions
-
-
-
252
unemployment
-
-
-
72
total
-
-
-
789
Employee
583
465
1 241
-
unemployment
17
14
37
-
pensions
60
48
127
-
health
23
18
48
-
income
66
34
287
-
other
6
5
12
-
total
172
119
511
-
Employer
583
465
1 241
-
chamber of commerce
2
2
5
-
pensions
73
58
156
-
other
28
22
59
-
health
22
18
47
-
unemployment
17
14
37
-
accident
8
6
16
-
surtax
2
2
2
-
payroll
17
14
37
-
total
169
136
359
-
Corporate
847
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
728
711
1 169
789
After tax
872
889
431
811
Living cost
411
411
411
411
Free-cash
461
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
$295
$163
$471
$283
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.

834
-
1 239
-
unemployment

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

7
-
11
-
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
-
national
256
-
424
-
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
-
total
409
-
651
-
Employer

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

834
-
1 239
-
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
-
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
-
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
-
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
-
surtax
95
-
141
-
total
243
-
361
-
Corporate
523
1 600
-
-
income
105
320
-
-
surtax
2
6
-
-
total
107
326
-
-
Dividends
416
1 274
-
-
withholding

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

121
378
-
-
total
121
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
880
704
1 012
892
After tax
720
896
588
708
Living cost
425
425
425
425
Free-cash
295
471
163
283

Estimated living cost  is $425 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
$564
$422
$651
$477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
other
-
-
-
1
unemployment
-
-
-
8
total
-
-
-
702
Employee
581
-
1 255
-
unemployment
9
-
17
-
pensions
27
-
51
-
income
122
-
344
-
other
1
-
1
-
total
159
-
413
-
Employer
581
-
1 255
-
pensions
137
-
255
-
other
5
-
9
-
unemployment
32
-
59
-
accident
11
-
21
-
total
185
-
344
-
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
615
528
757
702
After tax
985
1 072
843
898
Living cost
421
421
421
421
Free-cash
564
651
422
477

Estimated living cost  is $421 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
$202
$271
$325
$209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
13
health
-
-
-
112
income
-
-
-
212
surtax
-
-
-
79
pensions
-
-
-
240
communal
-
-
-
101
total
-
-
-
757
Employee
883
-
1 429
-
pensions
71
-
114
-
health
39
-
64
-
income
85
-
258
-
surtax
54
-
88
-
total
249
-
524
-
Employer
883
-
1 429
-
pensions
71
-
114
-
health
27
-
44
-
accident
8
-
13
-
total
106
-
171
-
Corporate
611
1 600
-
-
income
92
240
-
-
communal
41
108
-
-
surtax
6
17
-
-
total
139
365
-
-
Dividends
472
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

$475
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
$709
$465
$744
$497
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
-
-
-
111
income
-
-
-
365
surtax
-
-
-
51
pensions
-
-
-
311
other
-
-
-
-
unemployment
-
-
-
3
total
-
-
-
841
Employee
393
-
1 322
-
unemployment
27
-
92
-
pensions
26
-
88
-
health
10
-
34
-
income
66
-
335
-
other
-
-
-
-
surtax
1
-
46
-
total
130
-
595
-
Employer
393
-
1 322
-
pensions
52
-
176
-
other
-
-
-
-
health
18
-
60
-
unemployment
12
-
42
-
total
82
-
278
-
Corporate
1 125
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
841
After tax
971
1 006
727
759
Living cost
262
262
262
262
Free-cash
709
744
465
497

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
$501
$394
$527
$470
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
municipal
-
-
-
10
regional
-
-
-
24
national
-
-
-
370
total
-
-
-
816
Employee
647
-
1 600
-
regional
9
-
22
-
municipal
3
-
8
-
national
103
-
322
-
social contributions
218
-
540
-
total
333
-
892
-
Employer
647
-
1 600
-
total
-
-
-
-
Corporate
953
1 600
-
-
municipal
47
80
-
-
nationa
229
384
-
-
total
276
464
-
-
Dividends
677
1 136
-
-
withholding
176
295
-
-
total
176
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
785
759
892
816
After tax
815
841
708
784
Living cost
314
314
314
314
Free-cash
501
527
394
470

Estimated living cost  is $314 per week

$195
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
$618
$455
$745
$465
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
-
-
-
417
health
-
-
-
216
income
-
-
-
145
solidarity contribution
-
-
-
-
total
-
-
-
778
Employee
525
-
1 194
-
solidarity contribution
-
-
-
-
health
71
-
161
-
social contributions
34
-
78
-
income
63
-
143
-
total
168
-
382
-
Employer
525
-
1 194
-
health
47
-
107
-
social contributions
131
-
299
-
total
178
-
406
-
Corporate
897
1 600
-
-
income
170
304
-
-
total
170
304
-
-
Dividends
726
1 296
-
-
withholding
109
194
-
-
total
109
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
625
498
788
778
After tax
975
1 102
812
822
Living cost
357
357
357
357
Free-cash
618
745
455
465

Estimated living cost  is $357 per week

$265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
$514
$59
$518
$441
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
surtax
-
-
-
-
income
-
-
-
353
chamber of commerce
-
-
-
6
pensions
-
-
-
252
unemployment
-
-
-
72
total
-
-
-
787
Employee
510
465
1 242
-
unemployment
15
14
37
-
pensions
52
48
127
-
health
20
18
48
-
income
45
34
288
-
other
5
5
12
-
total
137
119
512
-
Employer
510
465
1 242
-
chamber of commerce
2
2
5
-
pensions
64
58
156
-
other
24
22
59
-
health
19
18
47
-
unemployment
15
14
37
-
accident
7
6
16
-
surtax
-
-
-
-
payroll
15
14
37
-
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
708
751
-
-
withholding
195
207
-
-
total
195
207
-
-
Income
1 600
1 600
1 600
1 600
Total tax
714
710
1 169
787
After tax
886
890
431
813
Living cost
372
372
372
372
Free-cash
514
518
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
$1341
$1130
$1370
$1434
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
188
-
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%.

1 412
1 600
-
-
total
-
-
-
-
Dividends
1 412
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
150
150
150
150
Free-cash
1 341
1 370
1 130
1 434

Estimated living cost  is $150 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$691
$449
$789
$493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
unemployment
1
-
2
-
pensions
80
-
215
-
health
33
-
89
-
income
89
-
316
-
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
-
pensions
46
-
123
-
health
34
-
92
-
unemployment
-
-
1
-
total
80
-
216
-
Corporate
1 004
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
-$156
$937
$465
$598
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
728
-
-
-
social contributions
60
-
9
-
income
161
-
-
-
total
221
-
9
-
Employer
728
-
-
-
social contributions
1 027
-
146
-
total
1 027
-
146
-
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
1 248
627
155
494
After tax
352
973
1 445
1 106
Living cost
508
508
508
508
Free-cash
-156
465
937
598

Estimated living cost  is $508 per week

$330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$124
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
$532
$399
$544
$506
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
536
-
1 293
-
social contributions
59
-
142
-
income
112
-
386
-
surtax
-
-
-
-
total
171
-
528
-
Employer
536
-
1 293
-
social contributions
127
-
307
-
total
127
-
307
-
Corporate
936
1 600
-
-
income
197
336
-
-
surtax
-
-
-
-
total
197
336
-
-
Dividends
740
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
$323
$367
$244
$345
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
-
-
-
46
health
-
-
-
53
income
-
-
-
214
surtax
-
-
-
-
pensions
-
-
-
329
other
-
-
-
50
total
-
-
-
692
Employee
731
-
1 265
-
pensions
83
-
77
-
social contributions
21
-
36
-
income
64
-
222
-
surtax
-
-
-
-
total
168
-
335
-
Employer
731
-
1 265
-
pensions
120
-
131
-
other
25
-
45
-
health
51
-
104
-
unemployment
30
-
51
-
social contributions
2
-
4
-
total
228
-
335
-
Corporate
641
1 600
-
-
income
180
448
-
-
surtax
-
-
-
-
total
180
448
-
-
Dividends
462
1 152
-
-
surtax
-
-
-
-
social contributions
79
198
-
-
withholding
59
147
-
-
total
138
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
714
793
670
692
After tax
886
807
930
908
Living cost
563
563
563
563
Free-cash
323
244
367
345

Estimated living cost  is $563 per week

$381
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
$1050
$885
$1089
$843
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
-
-
-
352
income
-
-
-
54
total
-
-
-
406
Employee
375
-
1 385
-
social contributions
24
-
90
-
income
-
-
59
-
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
-$938
$409
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
municipal
-
-
-
320
pensions
-
-
-
10
labour market
-
-
-
127
national
-
-
-
173
total
-
-
-
630
Employee
2 369
2 369
2 369
-
pensions
3
3
3
-
municipal
504
504
504
-
national
289
289
289
-
labour market
189
189
189
-
total
985
985
985
-
Employer
2 369
2 369
2 369
-
municipal
505
505
505
-
pensions
7
7
7
-
national
290
290
290
-
labour market
190
190
190
-
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
$91
$595
-$126
$840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
422
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
504
Employee
402
-
1 412
-
pensions
45
-
90
-
health
46
-
162
-
income
55
-
308
-
total
146
-
560
-
Employer
402
-
1 412
-
pensions
65
-
130
-
unemployment
10
-
35
-
accident
7
-
24
-
total
82
-
189
-
Corporate
1 116
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.

1 004
1 440
-
-
total
1 004
1 440
-
-
Dividends
112
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 253
1 470
749
504
After tax
347
130
851
1 096
Living cost
256
256
256
256
Free-cash
91
-126
595
840

Estimated living cost  is $256 per week

$186
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
$594
$421
$583
$640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
health
-
-
-
20
municipal
-
-
-
284
national
-
-
-
208
total
-
-
-
512
Employee
614
-
1 346
-
unemployment
9
-
20
-
pensions
41
-
91
-
municipal
101
-
219
-
national
10
-
131
-
health
5
-
16
-
total
166
-
477
-
Employer
614
-
1 346
-
pensions
106
-
234
-
health
5
-
10
-
unemployment
4
-
9
-
accident
1
-
1
-
total
116
-
254
-
Corporate
871
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
558
569
731
512
After tax
1 042
1 031
869
1 088
Living cost
448
448
448
448
Free-cash
594
583
421
640

Estimated living cost  is $448 per week

$292
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
$834
$832
$899
$846
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
897
897
1 472
-
health
7
15
25
-
social contributions
34
74
100
-
income
98
83
246
-
total
139
172
371
-
Employer
897
897
1 472
-
health
8
17
27
-
social contributions
34
74
100
-
total
42
91
127
-
Corporate
1 150
612
-
-
income
144
77
-
-
total
144
77
-
-
Dividends
1 006
536
-
-
withholding
171
91
-
-
total
171
91
-
-
Income
1 600
1 600
1 600
1 600
Total tax
496
431
498
484
After tax
1 104
1 169
1 102
1 116
Living cost
270
270
270
270
Free-cash
834
899
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.
$26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$1081
$904
$1140
$1140
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
-
unemployment
1
-
6
-
pensions
40
-
166
-
health
23
-
94
-
income
18
-
130
-
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
-
pensions
15
-
61
-
health
12
-
48
-
unemployment
1
-
6
-
total
28
-
115
-
Corporate
1 305
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
$695
$522
$751
$577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
other
-
-
-
1
unemployment
-
-
-
8
total
-
-
-
702
Employee
431
-
1 255
-
unemployment
7
-
17
-
pensions
20
-
51
-
income
83
-
344
-
other
-
-
1
-
total
110
-
413
-
Employer
431
-
1 255
-
pensions
102
-
255
-
other
3
-
9
-
unemployment
24
-
59
-
accident
9
-
21
-
total
138
-
344
-
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
877
1 360
-
-
withholding
181
288
-
-
total
181
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
584
528
757
702
After tax
1 016
1 072
843
898
Living cost
321
321
321
321
Free-cash
695
751
522
577

Estimated living cost  is $321 per week

$216
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
$971
$1001
$975
$1003
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
-
-
-
12
income
-
-
-
545
pensions
-
-
-
17
total
-
-
-
574
Employee
35
-
1 581
-
unemployment
-
-
1
-
pensions
3
-
8
-
health
2
-
4
-
income
7
-
544
-
total
12
-
557
-
Employer
35
-
1 581
-
pensions
4
-
9
-
health
3
-
8
-
unemployment
1
-
2
-
total
8
-
19
-
Corporate
1 557
1 600
-
-
income
343
352
-
-
total
343
352
-
-
Dividends
1 215
1 248
-
-
withholding
243
250
-
-
total
243
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
606
602
576
574
After tax
994
998
1 024
1 026
Living cost
23
23
23
23
Free-cash
971
975
1 001
1 003

Estimated living cost  is $23 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$897
$723
$954
$721
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
-
unemployment
2
-
6
-
pensions
43
-
121
-
health
16
-
44
-
income
42
-
351
-
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
-
pensions
36
-
103
-
health
16
-
44
-
unemployment
2
-
6
-
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
$592
$451
$596
$558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
social contributions
50
-
142
-
income
88
-
386
-
surtax
-
-
-
-
total
138
-
528
-
Employer
453
-
1 293
-
social contributions
108
-
307
-
total
108
-
307
-
Corporate
1 040
1 600
-
-
income
218
336
-
-
surtax
-
-
-
-
total
218
336
-
-
Dividends
821
1 264
-
-
withholding
230
354
-
-
total
230
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
694
690
835
728
After tax
906
910
765
872
Living cost
314
314
314
314
Free-cash
592
596
451
558

Estimated living cost  is $314 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
$577
$433
$662
$488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
377
pensions
-
-
-
306
other
-
-
-
1
unemployment
-
-
-
8
total
-
-
-
702
Employee
563
-
1 255
-
unemployment
9
-
17
-
pensions
26
-
51
-
income
118
-
344
-
other
1
-
1
-
total
154
-
413
-
Employer
563
-
1 255
-
pensions
133
-
255
-
other
5
-
9
-
unemployment
31
-
59
-
accident
11
-
21
-
total
180
-
344
-
Corporate
857
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.

129
240
-
-
total
129
240
-
-
Dividends
729
1 360
-
-
withholding
150
288
-
-
total
150
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
613
528
757
702
After tax
987
1 072
843
898
Living cost
410
410
410
410
Free-cash
577
662
433
488

Estimated living cost  is $410 per week

$294
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
$1096
$1109
$1167
$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
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
266
-
1 520
-
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
-
income
27
-
152
-
total
65
-
211
-
Employer
266
-
1 520
-
pensions

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

29
-
45
-
health
18
-
28
-
unemployment
2
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
52
-
79
-
Corporate
1 282
1 600
-
-
income
128
160
-
-
total
128
160
-
-
Dividends
1 154
1 440
-
-
withholding
58
72
-
-
total
58
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
303
232
290
349
After tax
1 297
1 368
1 310
1 251
Living cost
201
201
201
201
Free-cash
1 096
1 167
1 109
1 050

Estimated living cost  is $201 per week

$133
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$527
$602
$374
$450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
trade
-
-
-
152
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
total
-
-
-
700
Employee

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

580
-
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
-
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.

48
-
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.

3
-
24
-
total
131
-
548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 020
1 600
-
-
income
153
240
-
-
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
-
-
total
310
487
-
-
Dividends
709
1 113
-
-
surtax

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

9
15
-
-
withholding
173
274
-
-
total
182
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
623
776
548
700
After tax
977
824
1 052
900
Living cost
450
450
450
450
Free-cash
527
374
602
450

Estimated living cost  is $450 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
$482
$233
$456
$233
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
-
-
-
256
income
-
-
-
447
total
-
-
-
703
Employee
912
-
1 600
-
social contributions
76
-
256
-
income
172
-
447
-
total
248
-
703
-
Employer
912
-
1 600
-
total
-
-
-
-
Corporate
688
1 600
-
-
income
86
200
-
-
total
86
200
-
-
Dividends
602
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
664
664
664
664
Free-cash
482
456
233
233

Estimated living cost  is $664 per week

$505
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.
$98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$595
$742
$555
$773
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
535
-
1 546
-
social contributions
54
-
54
-
income
58
-
327
-
total
112
-
381
-
Employer
535
-
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
423
423
423
423
Free-cash
595
555
742
773

Estimated living cost  is $423 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
$708
$518
$666
$666
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
-
-
-
413
pensions
-
-
-
95
total
-
-
-
508
Employee
584
-
1 402
-
pensions
45
-
120
-
health
8
-
22
-
income
106
-
315
-
total
159
-
457
-
Employer
584
-
1 402
-
pensions
59
-
172
-
health
11
-
27
-
total
70
-
199
-
Corporate
946
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.

180
304
-
-
total
180
304
-
-
Dividends
766
1 296
-
-
withholding
57
204
-
-
total
57
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
466
508
656
508
After tax
1 134
1 092
944
1 092
Living cost
426
426
426
426
Free-cash
708
666
518
666

Estimated living cost  is $426 per week

$292
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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

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Warsaw , Poland
$86
$570
-$151
$815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
health
-
-
-
26
income
-
-
-
422
pensions
-
-
-
49
other
-
-
-
4
total
-
-
-
504
Employee
442
-
1 412
-
pensions
50
-
90
-
health
51
-
162
-
income
61
-
308
-
total
162
-
560
-
Employer
442
-
1 412
-
pensions
72
-
130
-
unemployment
11
-
35
-
accident
7
-
24
-
total
90
-
189
-
Corporate
1 068
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.

961
1 440
-
-
total
961
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
749
504
After tax
367
130
851
1 096
Living cost
281
281
281
281
Free-cash
86
-151
570
815

Estimated living cost  is $281 per week

$206
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

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Skopje , Macedonia
$1135
$928
$1188
$746
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
pensions
-
-
-
294
unemployment
-
-
-
19
work injury
-
-
-
8
total
-
-
-
696
Employee

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

252
-
1 600
-
unemployment
3
-
11
-
pensions
46
-
172
-
work injury
1
-
5
-
income
25
-
257
-
health insurance
19
-
69
-
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
1 334
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
158
158
158
158
Free-cash
1 135
1 188
928
746

Estimated living cost  is $158 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
$325
$232
$378
$306
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
municipal
-
-
-
11
regional
-
-
-
36
national
-
-
-
370
total
-
-
-
829
Employee
983
-
1 600
-
regional
15
-
31
-
municipal
6
-
10
-
national
166
-
322
-
social contributions
331
-
540
-
total
518
-
903
-
Employer
983
-
1 600
-
total
-
-
-
-
Corporate
617
1 600
-
-
municipal
30
77
-
-
nationa
148
384
-
-
total
178
461
-
-
Dividends
439
1 139
-
-
withholding
114
296
-
-
total
114
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
810
757
903
829
After tax
790
843
697
771
Living cost
465
465
465
465
Free-cash
325
378
232
306

Estimated living cost  is $465 per week

$326
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

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Estimated living cost

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