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
$699
$457
$532
$585
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
income

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

-
-
-
446
trade
-
-
-
167
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.

-
-
-
79
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.

-
-
-
25
total
-
-
-
717
Employee

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

443
-
1 600
-
surtax

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

1
-
25
-
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.

79
-
79
-
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
-
446
-
total
92
-
550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 157
1 600
-
-
income
173
240
-
-
trade
182
252
-
-
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
-
-
chamber of commerce
3
4
-
-
total
368
509
-
-
Dividends
788
1 091
-
-
withholding
193
268
-
-
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
-
-
total
204
283
-
-
Income
1 600
1 600
1 600
1 600
Total tax
664
792
550
717
After tax
936
808
1 050
883
Living cost
351
351
351
351
Free-cash
585
457
699
532

Estimated living cost  is $351 per week

$221
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
$354
$386
$341
$376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
pensions
-
-
-
192
social contributions
-
-
-
17
municipal
-
-
-
172
national
-
-
-
266
total
-
-
-
647
Employee
948
-
1 383
-
municipal
117
-
178
-
pensions
38
-
55
-
national
181
-
275
-
total
336
-
508
-
Employer
948
-
1 383
-
social contributions
10
-
15
-
pensions
76
-
111
-
total
86
-
126
-
Corporate
503
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%.

101
320
-
-
total
101
320
-
-
Dividends
403
1 280
-
-
withholding
89
282
-
-
total
89
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
612
602
634
647
After tax
988
998
966
953
Living cost
612
612
612
612
Free-cash
376
386
354
341

Estimated living cost  is $612 per week

$416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$655
$1039
$254
$944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 600
income
-
-
-
253
microenterprise
-
-
-
-
social contributions

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

-
-
-
444
surtax
-
-
-
408
total
-
-
-
1 105
Employee
339
-
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.

37
-
142
-
income
60
-
251
-
total
97
-
393
-
Employer
339
-
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
1 180
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%.

236
320
-
-
total
236
320
-
-
Dividends

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

944
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
415
320
704
1 105
After tax
1 185
1 280
896
495
Living cost
241
241
241
241
Free-cash
944
1 039
655
254

Estimated living cost  is $241 per week

$154
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.
$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.
$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
$457
$300
$428
$228
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
-
-
-
407
pensions
-
-
-
136
health
-
-
-
143
total
-
-
-
686
Employee
990
990
1 385
-
pensions
178
136
136
-
health
152
129
143
-
income

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

162
162
162
-
total
492
427
441
-
Employer
990
990
1 385
-
health
69
69
86
-
unemployment
36
36
44
-
pensions
69
69
86
-
total
174
174
216
-
Corporate
449
436
-
-
income
90
87
-
-
total
90
87
-
-
Dividends
359
349
-
-
income
76
74
-
-
withholding
54
52
-
-
total
130
126
-
-
Income
1 600
1 600
1 600
1 600
Total tax
886
814
657
686
After tax
714
786
943
914
Living cost
486
486
486
486
Free-cash
228
300
457
428

Estimated living cost  is $486 per week

$344
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$363
$401
$375
$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
pensions
-
-
-
112
other
-
-
-
120
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
65
municipal
-
-
-
388
national
-
-
-
64
total
-
-
-
752
Employee
673
-
1 275
-
municipal
201
-
380
-
national
-
-
59
-
total
201
-
439
-
Employer
673
-
1 275
-
accident
1
-
2
-
other
78
-
120
-
health
41
-
64
-
unemployment
18
-
27
-
pensions
73
-
112
-
total
211
-
325
-
Corporate
715
1 600
-
-
income
157
352
-
-
total
157
352
-
-
Dividends
558
1 248
-
-
withholding
167
374
-
-
total
167
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
736
726
764
752
After tax
864
874
836
848
Living cost
473
473
473
473
Free-cash
391
401
363
375

Estimated living cost  is $473 per week

$313
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.
$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.
$106
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
$595
$345
$419
$508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
income

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

-
-
-
446
trade
-
-
-
175
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.

-
-
-
79
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.

-
-
-
25
total
-
-
-
725
Employee

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

588
-
1 600
-
surtax

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

3
-
25
-
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.

79
-
79
-
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
-
446
-
total
133
-
550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 012
1 600
-
-
income
152
240
-
-
trade
166
263
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
total
329
520
-
-
Dividends
682
1 080
-
-
withholding
166
265
-
-
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
-
-
total
175
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
637
800
550
725
After tax
963
800
1 050
875
Living cost
455
455
455
455
Free-cash
508
345
595
419

Estimated living cost  is $455 per week

$305
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.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$724
$792
$739
$745
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
-
-
-
256
social contributions
-
-
-
188
health
-
-
-
41
total
-
-
-
485
Employee
892
892
1 473
-
social contributions
43
74
100
-
health
9
15
25
-
income
94
83
248
-
total
146
172
373
-
Employer
892
892
1 473
-
health
10
17
27
-
social contributions
43
74
100
-
total
53
91
127
-
Corporate
1 025
618
-
-
income
128
77
-
-
total
128
77
-
-
Dividends
897
541
-
-
withholding
152
92
-
-
total
152
92
-
-
Income
1 600
1 600
1 600
1 600
Total tax
479
432
500
485
After tax
1 121
1 168
1 100
1 115
Living cost
376
376
376
376
Free-cash
745
792
724
739

Estimated living cost  is $376 per week

$257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

Source of data for Limassol model

Close
Budapest , Hungary
$692
$666
$873
$670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
196
pensions
-
-
-
160
unemployment
-
-
-
24
health
-
-
-
112
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.

339
135
1 339
-
unemployment
5
2
20
-
pensions
34
13
134
-
health
24
9
94
-
income
41
17
164
-
total
104
41
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.

339
135
1 339
-
pensions
66
26
261
-
total
66
26
261
-
Corporate
1 195
1 439
-
-
income
108
129
-
-
total
108
129
-
-
Dividends
1 087
1 309
-
-
withholding
207
249
-
-
social contributions
210
254
-
-
total
417
503
-
-
Income
1 600
1 600
1 600
1 600
Total tax
695
699
673
492
After tax
905
901
927
1 108
Living cost
235
235
235
235
Free-cash
670
666
692
873

Estimated living cost  is $235 per week

$160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$642
$1000
$578
$927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
214
pensions
-
-
-
320
health
-
-
-
208
total
-
-
-
742
Employee
329
-
1 196
-
unemployment
5
-
19
-
pensions
7
-
24
-
income
37
-
231
-
total
49
-
274
-
Employer
329
-
1 196
-
health
43
-
155
-
unemployment
3
-
10
-
pensions
66
-
239
-
total
112
-
404
-
Corporate
1 160
1 600
-
-
income
232
320
-
-
total
232
320
-
-
Dividends
928
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
393
320
678
742
After tax
1 207
1 280
922
858
Living cost
280
280
280
280
Free-cash
927
1 000
642
578

Estimated living cost  is $280 per week

$192
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
$597
-$126
$841
$91
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
-
-
-
423
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
503
Employee
403
-
1 413
-
pensions
45
-
89
-
health
46
-
162
-
income
55
-
309
-
total
146
-
560
-
Employer
403
-
1 413
-
accident
7
-
24
-
unemployment
10
-
35
-
pensions
66
-
128
-
total
83
-
187
-
Corporate
1 115
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.

1 003
1 440
-
-
total
1 003
1 440
-
-
Dividends
111
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 253
1 470
747
503
After tax
347
130
853
1 097
Living cost
256
256
256
256
Free-cash
91
-126
597
841

Estimated living cost  is $256 per week

$188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1181
$1421
$1485
$1402
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
124
-
1 600
-
income
25
-
320
-
total
25
-
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%.

1 476
1 600
-
-
total
-
-
-
-
Dividends
1 476
1 600
-
-
withholding
74
80
-
-
total
74
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
99
80
320
16
After tax
1 501
1 520
1 280
1 584
Living cost
99
99
99
99
Free-cash
1 402
1 421
1 181
1 485

Estimated living cost  is $99 per week

$62
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.
$27
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
$609
$867
$543
$790
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
-
-
-
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
health
-
-
-
70
total
-
-
-
748
Employee
421
-
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.

29
-
89
-
health
6
-
18
-
income
72
-
240
-
total
111
-
360
-
Employer
421
-
1 278
-
accident
3
-
10
-
other
21
-
64
-
health
6
-
18
-
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.

72
-
217
-
total
106
-
322
-
Corporate
1 073
1 600
-
-
income
225
336
-
-
total
225
336
-
-
Dividends
848
1 264
-
-
withholding
59
88
-
-
total
59
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
501
424
682
748
After tax
1 099
1 176
918
852
Living cost
309
309
309
309
Free-cash
790
867
609
543

Estimated living cost  is $309 per week

$218
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
$168
$316
$315
$259
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
-
-
-
409
pensions
-
-
-
96
total
-
-
-
505
Employee
1 103
-
1 402
-
pensions
106
-
121
-
health
18
-
22
-
income
199
-
311
-
total
323
-
454
-
Employer
1 103
-
1 402
-
health
21
-
27
-
pensions
130
-
171
-
total
151
-
198
-
Corporate
346
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.

66
304
-
-
total
66
304
-
-
Dividends
280
1 296
-
-
withholding
21
200
-
-
total
21
200
-
-
Income
1 600
1 600
1 600
1 600
Total tax
561
504
652
505
After tax
1 039
1 096
948
1 095
Living cost
780
780
780
780
Free-cash
259
316
168
315

Estimated living cost  is $780 per week

$584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$92
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

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
$1154
$1214
$1096
$1161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
pensions

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

-
-
-
61
unemployment
-
-
-
2
health
-
-
-
47
total
-
-
-
350
Employee
204
-
1 520
-
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
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
income
20
-
152
-
total
49
-
212
-
Employer
204
-
1 520
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
health
14
-
28
-
unemployment
1
-
2
-
pensions

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

22
-
45
-
total
39
-
80
-
Corporate
1 357
1 600
-
-
income
136
160
-
-
total
136
160
-
-
Dividends
1 221
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
285
232
292
350
After tax
1 315
1 368
1 308
1 250
Living cost
154
154
154
154
Free-cash
1 161
1 214
1 154
1 096

Estimated living cost  is $154 per week

$90
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
$300
$143
$271
$172
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
-
-
-
407
pensions
-
-
-
136
health
-
-
-
143
total
-
-
-
686
Employee
1 075
990
1 385
-
pensions
136
136
136
-
health
134
129
143
-
income

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

162
162
162
-
total
432
427
441
-
Employer
1 075
990
1 385
-
health
75
69
86
-
unemployment
39
36
44
-
pensions
75
69
86
-
total
189
174
216
-
Corporate
337
436
-
-
income
67
87
-
-
total
67
87
-
-
Dividends
269
349
-
-
income
57
74
-
-
withholding
40
52
-
-
total
97
126
-
-
Income
1 600
1 600
1 600
1 600
Total tax
785
814
657
686
After tax
815
786
943
914
Living cost
643
643
643
643
Free-cash
172
143
300
271

Estimated living cost  is $643 per week

$474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$522
$812
$532
$707
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
-
-
-
145
solidarity contribution
-
-
-
-
social contributions
-
-
-
417
health
-
-
-
216
total
-
-
-
778
Employee
426
-
1 194
-
social contributions
28
-
78
-
solidarity contribution
-
-
-
-
health
58
-
161
-
income
51
-
143
-
total
137
-
382
-
Employer
426
-
1 194
-
health
38
-
107
-
social contributions
107
-
299
-
total
145
-
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
603
498
788
778
After tax
997
1 102
812
822
Living cost
290
290
290
290
Free-cash
707
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
$225
$365
$300
$304
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
regional
-
-
-
18
social contributions
-
-
-
412
municipal
-
-
-
10
national
-
-
-
371
total
-
-
-
811
Employee
1 030
-
1 600
-
municipal
5
-
8
-
social contributions
347
-
540
-
regional
10
-
16
-
national
179
-
322
-
total
541
-
886
-
Employer
1 030
-
1 600
-
total
-
-
-
-
Corporate
570
1 600
-
-
nationa
137
384
-
-
municipal
22
62
-
-
total
159
446
-
-
Dividends
411
1 154
-
-
withholding
107
300
-
-
total
107
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
807
746
886
811
After tax
793
854
714
789
Living cost
489
489
489
489
Free-cash
304
365
225
300

Estimated living cost  is $489 per week

$341
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
$470
$750
$502
$715
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
-
-
-
367
pensions
-
-
-
310
other
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
110
surtax
-
-
-
52
total
-
-
-
842
Employee
383
-
1 322
-
unemployment
27
-
92
-
surtax
1
-
46
-
pensions
26
-
88
-
health
10
-
34
-
other
-
-
-
-
income
64
-
336
-
total
128
-
596
-
Employer
383
-
1 322
-
other
-
-
-
-
health
17
-
60
-
unemployment
12
-
42
-
pensions
51
-
176
-
total
80
-
278
-
Corporate
1 136
1 600
-
-
income
295
416
-
-
total
295
416
-
-
Dividends
841
1 184
-
-
withholding
126
178
-
-
total
126
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
629
594
874
842
After tax
971
1 006
726
758
Living cost
256
256
256
256
Free-cash
715
750
470
502

Estimated living cost  is $256 per week

$156
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
$415
$563
$562
$573
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
-
-
-
409
pensions
-
-
-
96
total
-
-
-
505
Employee
739
-
1 402
-
pensions
63
-
121
-
health
11
-
22
-
income
133
-
311
-
total
207
-
454
-
Employer
739
-
1 402
-
health
14
-
27
-
pensions
80
-
171
-
total
94
-
198
-
Corporate
767
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.

146
304
-
-
total
146
304
-
-
Dividends
621
1 296
-
-
withholding
47
200
-
-
total
47
200
-
-
Income
1 600
1 600
1 600
1 600
Total tax
494
504
652
505
After tax
1 106
1 096
948
1 095
Living cost
533
533
533
533
Free-cash
573
563
415
562

Estimated living cost  is $533 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
$308
-$200
$385
$198
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
regional
-
-
-
66
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
city
-
-
-
17
health
-
-
-
4
national
-
-
-
17
total
-
-
-
283
Employee
1 091
-
1 432
-
city
12
-
15
-
unemployment
-
-
-
-
pensions
92
-
120
-
regional
36
-
57
-
health
2
-
3
-
national
5
-
13
-
total
147
-
208
-
Employer
1 091
-
1 432
-
other

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

22
-
29
-
health
2
-
3
-
unemployment
-
-
-
-
pensions
92
-
120
-
total
116
-
152
-
Corporate
381
1 600
-
-
national
32
136
-
-
regional
81
338
-
-
total
113
474
-
-
Dividends
268
1 126
-
-
withholding
94
394
-
-
total
94
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
470
868
360
283
After tax
1 130
732
1 240
1 317
Living cost
932
932
932
932
Free-cash
198
-200
308
385

Estimated living cost  is $932 per week

$606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$231
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
$519
$261
$337
$449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
income

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

-
-
-
446
trade
-
-
-
182
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.

-
-
-
79
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.

-
-
-
25
total
-
-
-
732
Employee

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

697
-
1 600
-
surtax

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

5
-
25
-
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.

79
-
79
-
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
-
446
-
total
166
-
550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
903
1 600
-
-
income
135
240
-
-
trade
155
274
-
-
surtax

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

7
13
-
-
chamber of commerce
3
4
-
-
total
300
531
-
-
Dividends
602
1 068
-
-
withholding
146
263
-
-
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
-
-
total
154
277
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
808
550
732
After tax
980
792
1 050
868
Living cost
531
531
531
531
Free-cash
449
261
519
337

Estimated living cost  is $531 per week

$388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
$531
$410
$511
$479
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
-
-
-
215
pensions
-
-
-
327
social contributions
-
-
-
46
other
-
-
-
50
health
-
-
-
54
surtax
-
-
-
-
total
-
-
-
692
Employee
496
-
1 265
-
surtax
-
-
-
-
pensions
56
-
77
-
social contributions
14
-
36
-
income
29
-
223
-
total
99
-
336
-
Employer
496
-
1 265
-
other
17
-
45
-
health
35
-
104
-
unemployment
20
-
51
-
social contributions
1
-
4
-
pensions
82
-
132
-
total
155
-
336
-
Corporate
949
1 600
-
-
income
266
448
-
-
surtax
-
-
-
-
total
266
448
-
-
Dividends
683
1 152
-
-
withholding
87
147
-
-
surtax
-
-
-
-
social contributions
117
198
-
-
total
204
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
724
793
672
692
After tax
876
807
928
908
Living cost
397
397
397
397
Free-cash
479
410
531
511

Estimated living cost  is $397 per week

$250
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
$571
$450
$551
$514
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
-
-
-
215
pensions
-
-
-
327
social contributions
-
-
-
46
other
-
-
-
50
health
-
-
-
54
surtax
-
-
-
-
total
-
-
-
692
Employee
443
-
1 265
-
surtax
-
-
-
-
pensions
50
-
77
-
social contributions
13
-
36
-
income
23
-
223
-
total
86
-
336
-
Employer
443
-
1 265
-
other
15
-
45
-
health
31
-
104
-
unemployment
18
-
51
-
social contributions
1
-
4
-
pensions
73
-
132
-
total
138
-
336
-
Corporate
1 019
1 600
-
-
income
285
448
-
-
surtax
-
-
-
-
total
285
448
-
-
Dividends
733
1 152
-
-
withholding
94
147
-
-
surtax
-
-
-
-
social contributions
126
198
-
-
total
220
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
729
793
672
692
After tax
871
807
928
908
Living cost
357
357
357
357
Free-cash
514
450
571
551

Estimated living cost  is $357 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$761
$730
$781
$737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
social contributions
-
-
-
221
health
-
-
-
112
total
-
-
-
573
Employee
393
-
1 600
-
social contributions
54
-
221
-
health
27
-
112
-
income
66
-
260
-
total
147
-
593
-
Employer
393
-
1 600
-
total
-
-
-
-
Corporate
1 207
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
1 147
1 520
-
-
withholding
172
228
-
-
health
80
106
-
-
social contributions
158
210
-
-
total
410
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
617
624
593
573
After tax
983
976
1 007
1 027
Living cost
246
246
246
246
Free-cash
737
730
761
781

Estimated living cost  is $246 per week

$165
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$21
$480
$402
$463
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
-
-
-
355
pensions
-
-
-
251
unemployment
-
-
-
71
health
-
-
-
104
chamber of commerce
-
-
-
6
surtax
-
-
-
2
total
-
-
-
789
Employee
579
462
1 241
-
unemployment
17
14
37
-
pensions
59
47
127
-
health
22
18
48
-
other
6
5
12
-
income
66
34
288
-
total
170
118
512
-
Employer
579
462
1 241
-
surtax
2
2
2
-
accident
8
6
16
-
other
28
22
59
-
health
22
17
47
-
unemployment
17
14
37
-
chamber of commerce
2
2
5
-
payroll
17
14
37
-
pensions
73
58
156
-
total
169
135
359
-
Corporate
852
1 003
1 197
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

213
251
299
-
total
213
251
299
-
Dividends
639
752
-
-
withholding
176
207
-
-
total
176
207
-
-
Income
1 600
1 600
1 600
1 600
Total tax
728
711
1 170
789
After tax
872
889
430
811
Living cost
409
409
409
409
Free-cash
463
480
21
402

Estimated living cost  is $409 per week

$272
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
$164
$473
$284
$300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
communal

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

-
-
-
81
social contributions
-
-
-
252
national
-
-
-
560
total
-
-
-
893
Employee

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

829
-
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.

62
-
93
-
communal

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

43
-
65
-
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
-
national
255
-
425
-
total
406
-
652
-
Employer

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

829
-
1 239
-
surtax
94
-
141
-
accident

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

11
-
16
-
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
-
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.

73
-
110
-
total
241
-
361
-
Corporate
529
1 600
-
-
income
106
320
-
-
surtax
2
6
-
-
total
108
326
-
-
Dividends
421
1 274
-
-
withholding

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

122
378
-
-
total
122
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
877
704
1 013
893
After tax
723
896
587
707
Living cost
423
423
423
423
Free-cash
300
473
164
284

Estimated living cost  is $423 per week

$272
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.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$424
$653
$480
$565
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
-
-
-
378
pensions
-
-
-
304
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
total
-
-
-
701
Employee
577
-
1 257
-
unemployment
9
-
17
-
pensions
27
-
51
-
other
1
-
1
-
income
122
-
345
-
total
159
-
414
-
Employer
577
-
1 257
-
accident
11
-
21
-
other
5
-
9
-
unemployment
32
-
59
-
pensions
136
-
254
-
total
184
-
343
-
Corporate
839
1 600
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

126
240
-
-
total
126
240
-
-
Dividends
713
1 360
-
-
withholding
147
288
-
-
total
147
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
616
528
757
701
After tax
984
1 072
843
899
Living cost
419
419
419
419
Free-cash
565
653
424
480

Estimated living cost  is $419 per week

$308
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
$274
$329
$212
$205
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
-
-
-
213
communal
-
-
-
101
pensions
-
-
-
240
accident
-
-
-
13
health
-
-
-
112
surtax
-
-
-
79
total
-
-
-
758
Employee
878
-
1 429
-
surtax
54
-
88
-
pensions
70
-
114
-
health
39
-
64
-
income
85
-
259
-
total
248
-
525
-
Employer
878
-
1 429
-
accident
8
-
13
-
health
27
-
44
-
pensions
70
-
114
-
total
105
-
171
-
Corporate
617
1 600
-
-
income
93
240
-
-
surtax
6
17
-
-
communal
42
108
-
-
total
141
365
-
-
Dividends
476
1 235
-
-
income
200
91
-
-
withholding
71
185
-
-
total
271
276
-
-
Income
1 600
1 600
1 600
1 600
Total tax
765
641
696
758
After tax
835
959
904
842
Living cost
630
630
630
630
Free-cash
205
329
274
212

Estimated living cost  is $630 per week

$473
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
$466
$746
$498
$711
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
-
-
-
367
pensions
-
-
-
310
other
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
110
surtax
-
-
-
52
total
-
-
-
842
Employee
390
-
1 322
-
unemployment
27
-
92
-
surtax
1
-
46
-
pensions
26
-
88
-
health
10
-
34
-
other
-
-
-
-
income
65
-
336
-
total
129
-
596
-
Employer
390
-
1 322
-
other
-
-
-
-
health
18
-
60
-
unemployment
12
-
42
-
pensions
52
-
176
-
total
82
-
278
-
Corporate
1 127
1 600
-
-
income
293
416
-
-
total
293
416
-
-
Dividends
834
1 184
-
-
withholding
125
178
-
-
total
125
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
629
594
874
842
After tax
971
1 006
726
758
Living cost
260
260
260
260
Free-cash
711
746
466
498

Estimated living cost  is $260 per week

$157
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
$396
$529
$471
$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
regional
-
-
-
24
social contributions
-
-
-
412
municipal
-
-
-
10
national
-
-
-
371
total
-
-
-
817
Employee
643
-
1 600
-
municipal
3
-
8
-
social contributions
217
-
540
-
regional
9
-
22
-
national
102
-
322
-
total
331
-
892
-
Employer
643
-
1 600
-
total
-
-
-
-
Corporate
957
1 600
-
-
nationa
230
384
-
-
municipal
48
80
-
-
total
278
464
-
-
Dividends
680
1 136
-
-
withholding
177
295
-
-
total
177
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
786
759
892
817
After tax
814
841
708
783
Living cost
312
312
312
312
Free-cash
502
529
396
471

Estimated living cost  is $312 per week

$194
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.
$81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$455
$745
$465
$618
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
-
-
-
145
solidarity contribution
-
-
-
-
social contributions
-
-
-
417
health
-
-
-
216
total
-
-
-
778
Employee
525
-
1 194
-
social contributions
34
-
78
-
solidarity contribution
-
-
-
-
health
71
-
161
-
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
$60
$521
$443
$515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
355
pensions
-
-
-
251
unemployment
-
-
-
71
health
-
-
-
104
chamber of commerce
-
-
-
6
surtax
-
-
-
-
total
-
-
-
787
Employee
507
462
1 242
-
unemployment
15
14
37
-
pensions
52
47
127
-
health
20
18
48
-
other
5
5
12
-
income
45
34
289
-
total
137
118
513
-
Employer
507
462
1 242
-
surtax
-
-
-
-
accident
7
6
16
-
other
24
22
59
-
health
19
17
47
-
unemployment
15
14
37
-
chamber of commerce
2
2
5
-
payroll
15
14
37
-
pensions
64
58
156
-
total
146
133
357
-
Corporate
947
1 005
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.

237
251
300
-
total
237
251
300
-
Dividends
710
754
-
-
withholding
195
207
-
-
total
195
207
-
-
Income
1 600
1 600
1 600
1 600
Total tax
715
709
1 170
787
After tax
885
891
430
813
Living cost
370
370
370
370
Free-cash
515
521
60
443

Estimated living cost  is $370 per week

$222
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
$1125
$1365
$1429
$1336
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
193
-
1 600
-
income
39
-
320
-
total
39
-
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%.

1 407
1 600
-
-
total
-
-
-
-
Dividends
1 407
1 600
-
-
withholding
70
80
-
-
total
70
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
155
155
155
155
Free-cash
1 336
1 365
1 125
1 429

Estimated living cost  is $155 per week

$105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$450
$791
$494
$696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 600
income
-
-
-
344
pensions
-
-
-
292
unemployment
-
-
-
2
health
-
-
-
157
total
-
-
-
795
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.

513
-
1 384
-
unemployment
1
-
2
-
pensions
79
-
215
-
health
33
-
89
-
income
88
-
317
-
total
201
-
623
-
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.

513
-
1 384
-
health
34
-
92
-
unemployment
-
-
1
-
pensions
45
-
123
-
total
79
-
216
-
Corporate
1 007
1 600
-
-
income
191
304
-
-
total
191
304
-
-
Dividends
816
1 296
-
-
withholding
122
194
-
-
total
122
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
593
498
839
795
After tax
1 007
1 102
761
805
Living cost
311
311
311
311
Free-cash
696
791
450
494

Estimated living cost  is $311 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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
$917
$450
$583
-$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
income
-
-
-
312
social contributions
-
-
-
182
total
-
-
-
494
Employee
750
-
-
-
social contributions
62
-
9
-
income
166
-
-
-
total
228
-
9
-
Employer
750
-
-
-
social contributions
1 058
-
151
-
total
1 058
-
151
-
Corporate
-
1 600
-
-
income
-
352
-
-
total
-
352
-
-
Dividends
-
1 248
-
-
income
-
275
-
-
total
-
275
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 286
627
160
494
After tax
314
973
1 440
1 106
Living cost
523
523
523
523
Free-cash
-209
450
917
583

Estimated living cost  is $523 per week

$340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$400
$546
$508
$534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 600
income
-
-
-
172
social contributions

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

-
-
-
556
surtax
-
-
-
-
total
-
-
-
728
Employee
533
-
1 293
-
surtax
-
-
-
-
social contributions
59
-
142
-
income
111
-
387
-
total
170
-
529
-
Employer
533
-
1 293
-
social contributions
127
-
307
-
total
127
-
307
-
Corporate
940
1 600
-
-
income
197
336
-
-
surtax
-
-
-
-
total
197
336
-
-
Dividends
743
1 264
-
-
withholding
208
354
-
-
total
208
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
702
690
836
728
After tax
898
910
764
872
Living cost
364
364
364
364
Free-cash
534
546
400
508

Estimated living cost  is $364 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$368
$247
$348
$327
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
-
-
-
215
pensions
-
-
-
327
social contributions
-
-
-
46
other
-
-
-
50
health
-
-
-
54
surtax
-
-
-
-
total
-
-
-
692
Employee
726
-
1 265
-
surtax
-
-
-
-
pensions
82
-
77
-
social contributions
21
-
36
-
income
63
-
223
-
total
166
-
336
-
Employer
726
-
1 265
-
other
25
-
45
-
health
51
-
104
-
unemployment
29
-
51
-
social contributions
2
-
4
-
pensions
119
-
132
-
total
226
-
336
-
Corporate
647
1 600
-
-
income
181
448
-
-
surtax
-
-
-
-
total
181
448
-
-
Dividends
466
1 152
-
-
withholding
60
147
-
-
surtax
-
-
-
-
social contributions
80
198
-
-
total
140
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
713
793
672
692
After tax
887
807
928
908
Living cost
560
560
560
560
Free-cash
327
247
368
348

Estimated living cost  is $560 per week

$379
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
$887
$1091
$845
$1052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
54
social contributions
-
-
-
352
total
-
-
-
406
Employee
373
-
1 385
-
income
-
-
59
-
social contributions
24
-
90
-
total
24
-
149
-
Employer
373
-
1 385
-
social contributions
58
-
215
-
total
58
-
215
-
Corporate
1 169
1 600
-
-
income
117
160
-
-
total
117
160
-
-
Dividends
1 053
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
349
349
349
349
Free-cash
1 052
1 091
887
845

Estimated living cost  is $349 per week

$225
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.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$921
-$921
$412
-$921
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
pensions
-
-
-
10
labour market
-
-
-
127
municipal
-
-
-
320
national
-
-
-
174
total
-
-
-
631
Employee
2 353
2 353
2 353
-
municipal
501
501
501
-
labour market
188
188
188
-
pensions
3
3
3
-
national
287
287
287
-
total
979
979
979
-
Employer
2 353
2 353
2 353
-
municipal
502
502
502
-
national
288
288
288
-
labour market
188
188
188
-
pensions
7
7
7
-
total
985
985
985
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 964
1 964
1 964
631
After tax
-364
-364
-364
969
Living cost
557
557
557
557
Free-cash
-921
-921
-921
412

Estimated living cost  is $557 per week

$382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$49
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$118
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
$601
-$122
$844
$91
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
-
-
-
423
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
503
Employee
397
-
1 413
-
pensions
45
-
89
-
health
45
-
162
-
income
54
-
309
-
total
144
-
560
-
Employer
397
-
1 413
-
accident
7
-
24
-
unemployment
10
-
35
-
pensions
65
-
128
-
total
82
-
187
-
Corporate
1 122
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.

1 010
1 440
-
-
total
1 010
1 440
-
-
Dividends
112
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 257
1 470
747
503
After tax
343
130
853
1 097
Living cost
252
252
252
252
Free-cash
91
-122
601
844

Estimated living cost  is $252 per week

$184
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 Krakow model

Close
Helsinki , Finland
$423
$585
$642
$597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
209
total
-
-
-
513
Employee
610
-
1 346
-
unemployment
9
-
20
-
municipal
100
-
219
-
pensions
41
-
91
-
health
5
-
16
-
national
10
-
132
-
total
165
-
478
-
Employer
610
-
1 346
-
accident
1
-
1
-
health
5
-
10
-
unemployment
4
-
9
-
pensions
106
-
234
-
total
116
-
254
-
Corporate
875
1 600
-
-
income
175
320
-
-
total
175
320
-
-
Dividends

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

525
960
-
-
municipal
94
173
-
-
national
8
77
-
-
total
102
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
558
570
732
513
After tax
1 042
1 030
868
1 087
Living cost
445
445
445
445
Free-cash
597
585
423
642

Estimated living cost  is $445 per week

$291
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.
$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

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
$832
$900
$847
$837
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
-
-
-
256
social contributions
-
-
-
188
health
-
-
-
41
total
-
-
-
485
Employee
892
892
1 473
-
social contributions
34
74
100
-
health
7
15
25
-
income
97
83
248
-
total
138
172
373
-
Employer
892
892
1 473
-
health
8
17
27
-
social contributions
34
74
100
-
total
42
91
127
-
Corporate
1 153
618
-
-
income
144
77
-
-
total
144
77
-
-
Dividends
1 009
541
-
-
withholding
171
92
-
-
total
171
92
-
-
Income
1 600
1 600
1 600
1 600
Total tax
495
432
500
485
After tax
1 105
1 168
1 100
1 115
Living cost
268
268
268
268
Free-cash
837
900
832
847

Estimated living cost  is $268 per week

$161
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.
$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 Larnaca model

Close
Podgorica , Montenegro
$907
$1141
$1141
$1082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 600
income
-
-
-
159
pensions
-
-
-
74
unemployment
-
-
-
-
health
-
-
-
42
total
-
-
-
275
Employee

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

266
-
1 487
-
unemployment
1
-
6
-
pensions
40
-
165
-
health
23
-
94
-
income
18
-
130
-
total
82
-
395
-
Employer

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

266
-
1 487
-
health
11
-
47
-
unemployment
1
-
6
-
pensions
15
-
61
-
total
27
-
114
-
Corporate
1 306
1 600
-
-
income
118
144
-
-
total
118
144
-
-
Dividends
1 189
1 456
-
-
withholding
107
131
-
-
total
107
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
334
275
509
275
After tax
1 266
1 325
1 091
1 325
Living cost
184
184
184
184
Free-cash
1 082
1 141
907
1 141

Estimated living cost  is $184 per week

$117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$524
$753
$580
$698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
378
pensions
-
-
-
304
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
total
-
-
-
701
Employee
429
-
1 257
-
unemployment
7
-
17
-
pensions
20
-
51
-
other
-
-
1
-
income
83
-
345
-
total
110
-
414
-
Employer
429
-
1 257
-
accident
8
-
21
-
other
3
-
9
-
unemployment
24
-
59
-
pensions
101
-
254
-
total
136
-
343
-
Corporate
1 035
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
879
1 360
-
-
withholding
182
288
-
-
total
182
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
583
528
757
701
After tax
1 017
1 072
843
899
Living cost
319
319
319
319
Free-cash
698
753
524
580

Estimated living cost  is $319 per week

$215
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
$1005
$977
$1007
$973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
546
pensions
-
-
-
15
health
-
-
-
11
total
-
-
-
572
Employee
31
-
1 583
-
unemployment
-
-
1
-
pensions
3
-
7
-
health
2
-
4
-
income
6
-
545
-
total
11
-
557
-
Employer
31
-
1 583
-
health
3
-
7
-
unemployment
1
-
2
-
pensions
3
-
8
-
total
7
-
17
-
Corporate
1 562
1 600
-
-
income
344
352
-
-
total
344
352
-
-
Dividends
1 218
1 248
-
-
withholding
244
250
-
-
total
244
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
606
602
574
572
After tax
994
998
1 026
1 028
Living cost
21
21
21
21
Free-cash
973
977
1 005
1 007

Estimated living cost  is $21 per week

$12
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$6
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
$725
$956
$725
$898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 600
income
-
-
-
352
pensions
-
-
-
222
unemployment
-
-
-
13
health
-
-
-
88
total
-
-
-
675
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.

302
-
1 447
-
unemployment
2
-
6
-
pensions
42
-
120
-
health
16
-
44
-
income
42
-
352
-
total
102
-
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.

302
-
1 447
-
health
16
-
44
-
unemployment
2
-
6
-
pensions
36
-
103
-
total
54
-
153
-
Corporate
1 244
1 600
-
-
income
187
240
-
-
total
187
240
-
-
Dividends
1 057
1 360
-
-
withholding
159
204
-
-
total
159
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
502
444
675
675
After tax
1 098
1 156
925
925
Living cost
200
200
200
200
Free-cash
898
956
725
725

Estimated living cost  is $200 per week

$135
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.
$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
$451
$597
$559
$592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 600
income
-
-
-
172
social contributions

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

-
-
-
556
surtax
-
-
-
-
total
-
-
-
728
Employee
450
-
1 293
-
surtax
-
-
-
-
social contributions
50
-
142
-
income
88
-
387
-
total
138
-
529
-
Employer
450
-
1 293
-
social contributions
107
-
307
-
total
107
-
307
-
Corporate
1 043
1 600
-
-
income
219
336
-
-
surtax
-
-
-
-
total
219
336
-
-
Dividends
824
1 264
-
-
withholding
231
354
-
-
total
231
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
695
690
836
728
After tax
905
910
764
872
Living cost
313
313
313
313
Free-cash
592
597
451
559

Estimated living cost  is $313 per week

$221
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
$435
$665
$492
$582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
378
pensions
-
-
-
304
other
-
-
-
1
unemployment
-
-
-
8
accident
-
-
-
10
total
-
-
-
701
Employee
560
-
1 257
-
unemployment
9
-
17
-
pensions
26
-
51
-
other
1
-
1
-
income
117
-
345
-
total
153
-
414
-
Employer
560
-
1 257
-
accident
11
-
21
-
other
4
-
9
-
unemployment
31
-
59
-
pensions
132
-
254
-
total
178
-
343
-
Corporate
861
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
732
1 360
-
-
withholding
151
288
-
-
total
151
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
528
757
701
After tax
989
1 072
843
899
Living cost
408
408
408
408
Free-cash
582
665
435
492

Estimated living cost  is $408 per week

$293
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.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1106
$1166
$1048
$1095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
pensions

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

-
-
-
61
unemployment
-
-
-
2
health
-
-
-
47
total
-
-
-
350
Employee
267
-
1 520
-
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
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
income
27
-
152
-
total
65
-
212
-
Employer
267
-
1 520
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
health
18
-
28
-
unemployment
2
-
2
-
pensions

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

29
-
45
-
total
52
-
80
-
Corporate
1 281
1 600
-
-
income
128
160
-
-
total
128
160
-
-
Dividends
1 153
1 440
-
-
withholding
58
72
-
-
total
58
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
303
232
292
350
After tax
1 297
1 368
1 308
1 250
Living cost
202
202
202
202
Free-cash
1 095
1 166
1 106
1 048

Estimated living cost  is $202 per week

$133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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
$602
$376
$450
$529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
income

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

-
-
-
446
trade
-
-
-
152
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.

-
-
-
79
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.

-
-
-
25
total
-
-
-
702
Employee

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

577
-
1 600
-
surtax

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

3
-
25
-
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.

79
-
79
-
income

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

47
-
446
-
total
129
-
550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 023
1 600
-
-
income
153
240
-
-
trade
147
230
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
total
311
487
-
-
Dividends
711
1 113
-
-
withholding
173
274
-
-
surtax

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

10
15
-
-
total
183
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
623
776
550
702
After tax
977
824
1 050
898
Living cost
448
448
448
448
Free-cash
529
376
602
450

Estimated living cost  is $448 per week

$309
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$235
$459
$235
$486
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
-
-
-
448
social contributions
-
-
-
257
total
-
-
-
705
Employee
907
-
1 600
-
income
171
-
448
-
social contributions
75
-
257
-
total
246
-
705
-
Employer
907
-
1 600
-
total
-
-
-
-
Corporate
693
1 600
-
-
income
87
200
-
-
total
87
200
-
-
Dividends
606
1 400
-
-
withholding
121
280
-
-
total
121
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
454
480
705
705
After tax
1 146
1 120
895
895
Living cost
660
660
660
660
Free-cash
486
459
235
235

Estimated living cost  is $660 per week

$503
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
$744
$558
$777
$599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 600
income
-
-
-
330
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
-
-
-
402
Employee
532
-
1 547
-
income
58
-
329
-
social contributions
53
-
53
-
total
111
-
382
-
Employer
532
-
1 547
-
social contributions
53
-
53
-
total
53
-
53
-
Corporate
1 015
1 600
-
-
income
355
560
-
-
total
355
560
-
-
Dividends
660
1 040
-
-
social contributions
61
61
-
-
total
61
61
-
-
Income
1 600
1 600
1 600
1 600
Total tax
580
621
435
402
After tax
1 020
979
1 165
1 198
Living cost
421
421
421
421
Free-cash
599
558
744
777

Estimated living cost  is $421 per week

$277
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.
$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 Sliema model

Close
Edinburgh , United Kingdom
$515
$663
$662
$700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
409
pensions
-
-
-
96
total
-
-
-
505
Employee
594
-
1 402
-
pensions
45
-
121
-
health
8
-
22
-
income
108
-
311
-
total
161
-
454
-
Employer
594
-
1 402
-
health
11
-
27
-
pensions
60
-
171
-
total
71
-
198
-
Corporate
934
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.

178
304
-
-
total
178
304
-
-
Dividends
757
1 296
-
-
withholding
57
200
-
-
total
57
200
-
-
Income
1 600
1 600
1 600
1 600
Total tax
467
504
652
505
After tax
1 133
1 096
948
1 095
Living cost
433
433
433
433
Free-cash
700
663
515
662

Estimated living cost  is $433 per week

$297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

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Warsaw , Poland
$576
-$147
$819
$87
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
423
pensions
-
-
-
48
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
25
total
-
-
-
503
Employee
437
-
1 413
-
pensions
49
-
89
-
health
50
-
162
-
income
60
-
309
-
total
159
-
560
-
Employer
437
-
1 413
-
accident
7
-
24
-
unemployment
11
-
35
-
pensions
71
-
128
-
total
89
-
187
-
Corporate
1 075
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.

967
1 440
-
-
total
967
1 440
-
-
Dividends
107
160
-
-
withholding
20
30
-
-
total
20
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 235
1 470
747
503
After tax
365
130
853
1 097
Living cost
278
278
278
278
Free-cash
87
-147
576
819

Estimated living cost  is $278 per week

$204
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.
$52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$932
$1190
$748
$1136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 600
income
-
-
-
257
pensions
-
-
-
294
unemployment
-
-
-
19
health insurance
-
-
-
118
work injury
-
-
-
8
total
-
-
-
696
Employee

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

250
-
1 600
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
46
-
170
-
health insurance
19
-
69
-
income
25
-
257
-
total
94
-
512
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 350
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
1 336
1 584
-
-
withholding
200
238
-
-
total
200
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
307
254
512
696
After tax
1 293
1 346
1 088
904
Living cost
156
156
156
156
Free-cash
1 136
1 190
932
748

Estimated living cost  is $156 per week

$97
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.
$43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
$235
$381
$308
$329
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
regional
-
-
-
36
social contributions
-
-
-
412
municipal
-
-
-
11
national
-
-
-
371
total
-
-
-
830
Employee
977
-
1 600
-
municipal
6
-
10
-
social contributions
329
-
540
-
regional
15
-
31
-
national
165
-
322
-
total
515
-
903
-
Employer
977
-
1 600
-
total
-
-
-
-
Corporate
623
1 600
-
-
nationa
149
384
-
-
municipal
30
77
-
-
total
179
461
-
-
Dividends
443
1 139
-
-
withholding
115
296
-
-
total
115
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
809
757
903
830
After tax
791
843
697
770
Living cost
462
462
462
462
Free-cash
329
381
235
308

Estimated living cost  is $462 per week

$324
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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