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
$447
$695
$530
$580
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.

-
-
-
439
surtax

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

-
-
-
24
health

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

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

-
-
-
81
trade
-
-
-
165
total
-
-
-
709
Employee

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

456
-
1 600
-
surtax

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

1
-
24
-
income

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

13
-
439
-
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.

81
-
81
-
total
95
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 144
1 600
-
-
income
172
240
-
-
surtax

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

9
13
-
-
chamber of commerce
3
4
-
-
trade
180
252
-
-
total
364
509
-
-
Dividends
780
1 091
-
-
surtax

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

10
15
-
-
withholding
190
268
-
-
total
200
283
-
-
Income
1 600
1 600
1 600
1 600
Total tax
659
792
544
709
After tax
941
808
1 056
891
Living cost
361
361
361
361
Free-cash
580
447
695
530

Estimated living cost  is $361 per week

$227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
$364
$333
$321
$355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
17
municipal
-
-
-
171
national
-
-
-
265
pensions
-
-
-
192
total
-
-
-
645
Employee
984
-
1 383
-
municipal
121
-
177
-
pensions
39
-
55
-
national
188
-
275
-
total
348
-
507
-
Employer
984
-
1 383
-
pensions
79
-
111
-
social contributions
11
-
15
-
total
90
-
126
-
Corporate
462
1 600
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

92
320
-
-
total
92
320
-
-
Dividends
370
1 280
-
-
withholding
81
282
-
-
total
81
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
602
633
645
After tax
989
998
967
955
Living cost
634
634
634
634
Free-cash
355
364
333
321

Estimated living cost  is $634 per week

$431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
$1032
$649
$238
$934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 600
income
-
-
-
249
surtax
-
-
-
408
social contributions

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

-
-
-
457
microenterprise
-
-
-
-
total
-
-
-
1 114
Employee
348
-
1 289
-
surtax
-
-
-
-
social contributions

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

38
-
142
-
income
62
-
250
-
total
100
-
392
-
Employer
348
-
1 289
-
social contributions

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

84
-
311
-
surtax
-
-
-
-
total
84
-
311
-
Corporate
1 168
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%.

234
320
-
-
total
234
320
-
-
Dividends

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

934
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
418
320
703
1 114
After tax
1 182
1 280
897
486
Living cost
248
248
248
248
Free-cash
934
1 032
649
238

Estimated living cost  is $248 per week

$158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
$283
$425
$419
$212
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
-
-
-
395
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
682
Employee
1 018
1 018
1 379
-
pensions
183
140
140
-
income

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

167
167
167
-
health
156
133
147
-
total
506
440
454
-
Employer
1 018
1 018
1 379
-
health
71
71
88
-
pensions
71
71
88
-
unemployment
37
37
46
-
total
179
179
222
-
Corporate
417
404
-
-
income
83
81
-
-
total
83
81
-
-
Dividends
333
323
-
-
income
71
69
-
-
withholding
50
49
-
-
total
121
118
-
-
Income
1 600
1 600
1 600
1 600
Total tax
889
818
676
682
After tax
711
782
924
918
Living cost
499
499
499
499
Free-cash
212
283
425
419

Estimated living cost  is $499 per week

$354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$92
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
$398
$359
$372
$387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
2
other
-
-
-
121
unemployment
-
-
-
1
health
-
-
-
65
municipal
-
-
-
387
national
-
-
-
63
pensions
-
-
-
113
total
-
-
-
752
Employee
678
-
1 272
-
municipal
202
-
379
-
national
-
-
58
-
total
202
-
437
-
Employer
678
-
1 272
-
health
42
-
64
-
pensions
73
-
113
-
accident
1
-
2
-
unemployment
18
-
28
-
other
79
-
121
-
total
213
-
328
-
Corporate
709
1 600
-
-
income
156
352
-
-
total
156
352
-
-
Dividends
553
1 248
-
-
withholding
166
374
-
-
total
166
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
737
726
765
752
After tax
863
874
835
848
Living cost
476
476
476
476
Free-cash
387
398
359
372

Estimated living cost  is $476 per week

$315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Stockholm model

Close
Hamburg , Germany
$332
$588
$416
$500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
439
surtax

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

-
-
-
24
health

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

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

-
-
-
81
trade
-
-
-
172
total
-
-
-
716
Employee

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

604
-
1 600
-
surtax

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

3
-
24
-
income

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

52
-
439
-
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.

81
-
81
-
total
136
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 600
-
-
income
149
240
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
164
263
-
-
total
324
520
-
-
Dividends
671
1 080
-
-
surtax

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

9
15
-
-
withholding
163
265
-
-
total
172
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
632
800
544
716
After tax
968
800
1 056
884
Living cost
468
468
468
468
Free-cash
500
332
588
416

Estimated living cost  is $468 per week

$313
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.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
$782
$716
$732
$733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
248
social contributions
-
-
-
193
health
-
-
-
41
total
-
-
-
482
Employee
916
916
1 470
-
social contributions
45
76
103
-
income
96
85
240
-
health
9
16
25
-
total
150
177
368
-
Employer
916
916
1 470
-
health
10
17
27
-
social contributions
45
76
103
-
total
55
93
130
-
Corporate
1 009
591
-
-
income
126
74
-
-
total
126
74
-
-
Dividends
883
517
-
-
withholding
150
88
-
-
total
150
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
481
432
498
482
After tax
1 119
1 168
1 102
1 118
Living cost
386
386
386
386
Free-cash
733
782
716
732

Estimated living cost  is $386 per week

$264
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.
$86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$686
$713
$894
$689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
196
unemployment
-
-
-
24
health
-
-
-
112
pensions
-
-
-
160
total
-
-
-
492
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

309
123
1 339
-
unemployment
5
2
20
-
pensions
31
12
134
-
income
38
15
164
-
health
22
9
94
-
total
96
38
412
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

309
123
1 339
-
pensions
60
24
261
-
total
60
24
261
-
Corporate
1 231
1 453
-
-
income
111
131
-
-
total
111
131
-
-
Dividends
1 120
1 322
-
-
social contributions
217
256
-
-
withholding
213
251
-
-
total
430
507
-
-
Income
1 600
1 600
1 600
1 600
Total tax
697
700
673
492
After tax
903
900
927
1 108
Living cost
214
214
214
214
Free-cash
689
686
713
894

Estimated living cost  is $214 per week

$146
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.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
$992
$634
$570
$917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
214
health
-
-
-
208
pensions
-
-
-
320
total
-
-
-
742
Employee
338
-
1 196
-
unemployment
5
-
19
-
pensions
7
-
24
-
income
38
-
231
-
total
50
-
274
-
Employer
338
-
1 196
-
health
44
-
155
-
pensions
68
-
239
-
unemployment
3
-
10
-
total
115
-
404
-
Corporate
1 148
1 600
-
-
income
230
320
-
-
total
230
320
-
-
Dividends
918
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
395
320
678
742
After tax
1 205
1 280
922
858
Living cost
288
288
288
288
Free-cash
917
992
634
570

Estimated living cost  is $288 per week

$197
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.
$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 Tallinn model

Close
Gdansk , Poland
-$136
$584
$831
$90
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
419
-
1 409
-
pensions
47
-
92
-
income
57
-
305
-
health
48
-
161
-
total
152
-
558
-
Employer
419
-
1 409
-
pensions
68
-
133
-
accident
7
-
24
-
unemployment
10
-
35
-
total
85
-
192
-
Corporate
1 096
1 600
-
-
income

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

986
1 440
-
-
total
986
1 440
-
-
Dividends
110
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 244
1 470
750
503
After tax
356
130
850
1 097
Living cost
266
266
266
266
Free-cash
90
-136
584
831

Estimated living cost  is $266 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
$1424
$1184
$1488
$1406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 600
microenterprise

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

-
-
-
16
total
-
-
-
16
Employee
120
-
1 600
-
income
24
-
320
-
total
24
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 480
1 600
-
-
total
-
-
-
-
Dividends
1 480
1 600
-
-
withholding
74
80
-
-
total
74
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
98
80
320
16
After tax
1 502
1 520
1 280
1 584
Living cost
96
96
96
96
Free-cash
1 406
1 424
1 184
1 488

Estimated living cost  is $96 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$859
$602
$536
$779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
217
other
-
-
-
76
health
-
-
-
70
pensions

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

-
-
-
384
total
-
-
-
747
Employee
433
-
1 278
-
unemployment
4
-
13
-
pensions

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

30
-
89
-
income
74
-
239
-
health
6
-
18
-
total
114
-
359
-
Employer
433
-
1 278
-
health
6
-
18
-
pensions

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

74
-
217
-
accident
3
-
10
-
unemployment
4
-
13
-
other
22
-
64
-
total
109
-
322
-
Corporate
1 058
1 600
-
-
income
222
336
-
-
total
222
336
-
-
Dividends
836
1 264
-
-
withholding
59
88
-
-
total
59
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
504
424
681
747
After tax
1 096
1 176
919
853
Living cost
317
317
317
317
Free-cash
779
859
602
536

Estimated living cost  is $317 per week

$224
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.
$67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$304
$154
$302
$239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
404
pensions
-
-
-
97
total
-
-
-
501
Employee
1 128
-
1 402
-
pensions
109
-
123
-
income
203
-
306
-
health
19
-
22
-
total
331
-
451
-
Employer
1 128
-
1 402
-
health
21
-
27
-
pensions
133
-
171
-
total
154
-
198
-
Corporate
317
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.

60
304
-
-
total
60
304
-
-
Dividends
257
1 296
-
-
withholding
19
195
-
-
total
19
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
564
499
649
501
After tax
1 036
1 101
951
1 099
Living cost
797
797
797
797
Free-cash
239
304
154
302

Estimated living cost  is $797 per week

$597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$94
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1212
$1149
$1092
$1157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
352
Employee
207
-
1 518
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
pensions

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

18
-
37
-
income
21
-
152
-
health
10
-
19
-
total
51
-
213
-
Employer
207
-
1 518
-
health
14
-
29
-
pensions

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

23
-
46
-
accident

We are using the highest rate at 1.1%.

2
-
5
-
unemployment
1
-
2
-
total
40
-
82
-
Corporate
1 353
1 600
-
-
income
135
160
-
-
total
135
160
-
-
Dividends
1 217
1 440
-
-
withholding
61
72
-
-
total
61
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
287
232
295
352
After tax
1 313
1 368
1 305
1 248
Living cost
156
156
156
156
Free-cash
1 157
1 212
1 149
1 092

Estimated living cost  is $156 per week

$91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
$121
$263
$257
$153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
395
health
-
-
-
147
pensions
-
-
-
140
total
-
-
-
682
Employee
1 105
1 018
1 379
-
pensions
140
140
140
-
income

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

167
167
167
-
health
138
133
147
-
total
445
440
454
-
Employer
1 105
1 018
1 379
-
health
77
71
88
-
pensions
77
71
88
-
unemployment
40
37
46
-
total
194
179
222
-
Corporate
302
404
-
-
income
60
81
-
-
total
60
81
-
-
Dividends
242
323
-
-
income
51
69
-
-
withholding
36
49
-
-
total
87
118
-
-
Income
1 600
1 600
1 600
1 600
Total tax
786
818
676
682
After tax
814
782
924
918
Living cost
661
661
661
661
Free-cash
153
121
263
257

Estimated living cost  is $661 per week

$487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
$810
$520
$527
$705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
144
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
216
total
-
-
-
781
Employee
430
-
1 194
-
solidarity contribution
-
-
-
-
social contributions
28
-
78
-
income
52
-
143
-
health
58
-
161
-
total
138
-
382
-
Employer
430
-
1 194
-
health
39
-
107
-
social contributions
107
-
299
-
total
146
-
406
-
Corporate
1 024
1 600
-
-
income
195
304
-
-
total
195
304
-
-
Dividends
829
1 296
-
-
withholding
124
194
-
-
total
124
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
603
498
788
781
After tax
997
1 102
812
819
Living cost
292
292
292
292
Free-cash
705
810
520
527

Estimated living cost  is $292 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
$351
$213
$290
$289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
18
municipal
-
-
-
9
national
-
-
-
368
total
-
-
-
807
Employee
1 059
-
1 600
-
municipal
6
-
8
-
national
183
-
320
-
regional
10
-
16
-
social contributions
357
-
540
-
total
556
-
884
-
Employer
1 059
-
1 600
-
total
-
-
-
-
Corporate
541
1 600
-
-
municipal
21
62
-
-
nationa
130
384
-
-
total
151
446
-
-
Dividends
390
1 154
-
-
withholding
101
300
-
-
total
101
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
808
746
884
807
After tax
792
854
716
793
Living cost
503
503
503
503
Free-cash
289
351
213
290

Estimated living cost  is $503 per week

$350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
$743
$469
$495
$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
-
-
-
358
other
-
-
-
-
surtax
-
-
-
50
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
318
total
-
-
-
842
Employee
394
-
1 322
-
other
-
-
-
-
unemployment
27
-
92
-
pensions
26
-
88
-
surtax
1
-
45
-
income
66
-
331
-
health
10
-
34
-
total
130
-
590
-
Employer
394
-
1 322
-
health
18
-
60
-
pensions
53
-
176
-
unemployment
12
-
42
-
other
-
-
-
-
total
83
-
278
-
Corporate
1 123
1 600
-
-
income
292
416
-
-
total
292
416
-
-
Dividends
831
1 184
-
-
withholding
125
178
-
-
total
125
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
630
594
868
842
After tax
970
1 006
732
758
Living cost
263
263
263
263
Free-cash
707
743
469
495

Estimated living cost  is $263 per week

$161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$556
$406
$554
$561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
404
pensions
-
-
-
97
total
-
-
-
501
Employee
756
-
1 402
-
pensions
64
-
123
-
income
136
-
306
-
health
11
-
22
-
total
211
-
451
-
Employer
756
-
1 402
-
health
14
-
27
-
pensions
82
-
171
-
total
96
-
198
-
Corporate
748
1 600
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

142
304
-
-
total
142
304
-
-
Dividends
606
1 296
-
-
withholding
45
195
-
-
total
45
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
494
499
649
501
After tax
1 106
1 101
951
1 099
Living cost
545
545
545
545
Free-cash
561
556
406
554

Estimated living cost  is $545 per week

$408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-$210
$299
$375
$193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
other

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

-
-
-
32
regional
-
-
-
66
health
-
-
-
4
city
-
-
-
17
national
-
-
-
17
pensions
-
-
-
147
total
-
-
-
283
Employee
1 102
-
1 432
-
unemployment
-
-
-
-
pensions
93
-
120
-
national
5
-
13
-
regional
36
-
56
-
city
12
-
15
-
health
2
-
3
-
total
148
-
207
-
Employer
1 102
-
1 432
-
health
2
-
3
-
pensions
93
-
120
-
unemployment
-
-
-
-
other

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

22
-
29
-
total
117
-
152
-
Corporate
369
1 600
-
-
regional
78
338
-
-
national
31
136
-
-
total
109
474
-
-
Dividends
260
1 126
-
-
withholding
91
394
-
-
total
91
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
465
868
359
283
After tax
1 135
732
1 241
1 317
Living cost
942
942
942
942
Free-cash
193
-210
299
375

Estimated living cost  is $942 per week

$612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$84
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$12
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$233
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
$246
$510
$331
$438
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.

-
-
-
439
surtax

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

-
-
-
24
health

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

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

-
-
-
81
trade
-
-
-
179
total
-
-
-
723
Employee

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

716
-
1 600
-
surtax

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

5
-
24
-
income

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

84
-
439
-
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.

81
-
81
-
total
170
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
884
1 600
-
-
income
133
240
-
-
surtax

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

7
13
-
-
chamber of commerce
3
4
-
-
trade
152
274
-
-
total
295
531
-
-
Dividends
589
1 068
-
-
surtax

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

8
14
-
-
withholding
143
263
-
-
total
151
277
-
-
Income
1 600
1 600
1 600
1 600
Total tax
616
808
544
723
After tax
984
792
1 056
877
Living cost
546
546
546
546
Free-cash
438
246
510
331

Estimated living cost  is $546 per week

$399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Munich model

Close
Nice , France
$399
$528
$501
$466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
210
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
333
total
-
-
-
691
Employee
510
-
1 268
-
pensions
58
-
76
-
surtax
-
-
-
-
social contributions
15
-
36
-
income
30
-
220
-
total
103
-
332
-
Employer
510
-
1 268
-
health
36
-
103
-
pensions
84
-
130
-
unemployment
21
-
51
-
social contributions
2
-
4
-
other
18
-
44
-
total
161
-
332
-
Corporate
931
1 600
-
-
income
261
448
-
-
surtax
-
-
-
-
total
261
448
-
-
Dividends
670
1 152
-
-
surtax
-
-
-
-
social contributions
115
198
-
-
withholding
86
147
-
-
total
201
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
726
793
664
691
After tax
874
807
936
909
Living cost
408
408
408
408
Free-cash
466
399
528
501

Estimated living cost  is $408 per week

$257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
$440
$569
$542
$507
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
-
-
-
210
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
333
total
-
-
-
691
Employee
455
-
1 268
-
pensions
51
-
76
-
surtax
-
-
-
-
social contributions
13
-
36
-
income
23
-
220
-
total
87
-
332
-
Employer
455
-
1 268
-
health
32
-
103
-
pensions
75
-
130
-
unemployment
18
-
51
-
social contributions
1
-
4
-
other
16
-
44
-
total
142
-
332
-
Corporate
1 003
1 600
-
-
income
281
448
-
-
surtax
-
-
-
-
total
281
448
-
-
Dividends
722
1 152
-
-
surtax
-
-
-
-
social contributions
124
198
-
-
withholding
92
147
-
-
total
216
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
726
793
664
691
After tax
874
807
936
909
Living cost
367
367
367
367
Free-cash
507
440
569
542

Estimated living cost  is $367 per week

$213
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.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$723
$756
$774
$730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
social contributions
-
-
-
221
health
-
-
-
112
total
-
-
-
573
Employee
404
-
1 600
-
social contributions
56
-
221
-
income
67
-
258
-
health
28
-
112
-
total
151
-
591
-
Employer
404
-
1 600
-
total
-
-
-
-
Corporate
1 196
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
1 136
1 520
-
-
social contributions
157
210
-
-
withholding
170
228
-
-
health
79
106
-
-
total
406
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
617
624
591
573
After tax
983
976
1 009
1 027
Living cost
253
253
253
253
Free-cash
730
723
756
774

Estimated living cost  is $253 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
$470
$14
$389
$452
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
-
-
-
346
surtax
-
-
-
2
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
106
pensions
-
-
-
258
total
-
-
-
791
Employee
595
475
1 241
-
other
6
5
12
-
unemployment
18
14
37
-
pensions
61
49
127
-
income
68
35
284
-
health
23
18
48
-
total
176
121
508
-
Employer
595
475
1 241
-
chamber of commerce
2
2
5
-
health
22
18
47
-
pensions
75
60
156
-
accident
8
6
16
-
unemployment
18
14
37
-
surtax
2
2
2
-
payroll
18
14
37
-
other
28
23
59
-
total
173
139
359
-
Corporate
831
986
1 195
-
income

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

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

208
247
299
-
total
208
247
299
-
Dividends
623
740
-
-
withholding
171
203
-
-
total
171
203
-
-
Income
1 600
1 600
1 600
1 600
Total tax
728
710
1 166
791
After tax
872
890
434
809
Living cost
420
420
420
420
Free-cash
452
470
14
389

Estimated living cost  is $420 per week

$280
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.
$97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$462
$157
$275
$284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
communal

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

-
-
-
81
social contributions
-
-
-
253
national
-
-
-
557
total
-
-
-
891
Employee

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

852
-
1 239
-
unemployment

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

7
-
11
-
communal

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

44
-
65
-
pensions

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

64
-
93
-
national
262
-
421
-
health

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

40
-
58
-
total
417
-
648
-
Employer

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

852
-
1 239
-
health

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

52
-
76
-
pensions

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

76
-
110
-
accident

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

11
-
16
-
unemployment

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

12
-
18
-
surtax
97
-
141
-
total
248
-
361
-
Corporate
500
1 600
-
-
income
100
320
-
-
surtax
2
6
-
-
total
102
326
-
-
Dividends
398
1 274
-
-
withholding

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

115
378
-
-
total
115
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
882
704
1 009
891
After tax
718
896
591
709
Living cost
434
434
434
434
Free-cash
284
462
157
275

Estimated living cost  is $434 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$643
$408
$466
$551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
372
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
704
Employee
593
-
1 248
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
28
-
52
-
income
125
-
339
-
total
163
-
409
-
Employer
593
-
1 248
-
pensions
140
-
261
-
accident
12
-
22
-
unemployment
33
-
61
-
other
5
-
9
-
total
190
-
353
-
Corporate
818
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.

123
240
-
-
total
123
240
-
-
Dividends
695
1 360
-
-
withholding
143
287
-
-
total
143
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
619
527
762
704
After tax
981
1 073
838
896
Living cost
430
430
430
430
Free-cash
551
643
408
466

Estimated living cost  is $430 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
$313
$262
$200
$190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
communal
-
-
-
101
accident
-
-
-
13
income
-
-
-
207
surtax
-
-
-
79
health
-
-
-
112
pensions
-
-
-
240
total
-
-
-
752
Employee
902
-
1 429
-
pensions
72
-
114
-
surtax
55
-
88
-
income
87
-
253
-
health
40
-
64
-
total
254
-
519
-
Employer
902
-
1 429
-
health
28
-
44
-
pensions
72
-
114
-
accident
8
-
13
-
total
108
-
171
-
Corporate
590
1 600
-
-
communal
40
108
-
-
income
88
240
-
-
surtax
6
17
-
-
total
134
365
-
-
Dividends
455
1 235
-
-
income
198
89
-
-
withholding
68
185
-
-
total
266
274
-
-
Income
1 600
1 600
1 600
1 600
Total tax
762
639
690
752
After tax
838
961
910
848
Living cost
648
648
648
648
Free-cash
190
313
262
200

Estimated living cost  is $648 per week

$486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$738
$464
$490
$701
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
-
-
-
358
other
-
-
-
-
surtax
-
-
-
50
unemployment
-
-
-
3
health
-
-
-
113
pensions
-
-
-
318
total
-
-
-
842
Employee
401
-
1 322
-
other
-
-
-
-
unemployment
28
-
92
-
pensions
27
-
88
-
surtax
1
-
45
-
income
67
-
331
-
health
10
-
34
-
total
133
-
590
-
Employer
401
-
1 322
-
health
18
-
60
-
pensions
53
-
176
-
unemployment
13
-
42
-
other
-
-
-
-
total
84
-
278
-
Corporate
1 114
1 600
-
-
income
290
416
-
-
total
290
416
-
-
Dividends
825
1 184
-
-
withholding
124
178
-
-
total
124
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
631
594
868
842
After tax
969
1 006
732
758
Living cost
268
268
268
268
Free-cash
701
738
464
490

Estimated living cost  is $268 per week

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

Source of data for Athens model

Close
Naples , Italy
$520
$389
$466
$493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
24
municipal
-
-
-
9
national
-
-
-
368
total
-
-
-
813
Employee
661
-
1 600
-
municipal
4
-
8
-
national
105
-
320
-
regional
9
-
22
-
social contributions
223
-
540
-
total
341
-
890
-
Employer
661
-
1 600
-
total
-
-
-
-
Corporate
939
1 600
-
-
municipal
47
80
-
-
nationa
225
384
-
-
total
272
464
-
-
Dividends
667
1 136
-
-
withholding
173
295
-
-
total
173
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
786
759
890
813
After tax
814
841
710
787
Living cost
321
321
321
321
Free-cash
493
520
389
466

Estimated living cost  is $321 per week

$200
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.
$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.
$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 Naples model

Close
Prague , Czech Republic
$742
$452
$459
$613
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
-
-
-
144
social contributions
-
-
-
421
solidarity contribution
-
-
-
-
health
-
-
-
216
total
-
-
-
781
Employee
530
-
1 194
-
solidarity contribution
-
-
-
-
social contributions
34
-
78
-
income
64
-
143
-
health
72
-
161
-
total
170
-
382
-
Employer
530
-
1 194
-
health
48
-
107
-
social contributions
132
-
299
-
total
180
-
406
-
Corporate
890
1 600
-
-
income
169
304
-
-
total
169
304
-
-
Dividends
721
1 296
-
-
withholding
108
194
-
-
total
108
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
627
498
788
781
After tax
973
1 102
812
819
Living cost
360
360
360
360
Free-cash
613
742
452
459

Estimated living cost  is $360 per week

$268
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
$511
$55
$431
$505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
346
surtax
-
-
-
-
unemployment
-
-
-
73
chamber of commerce
-
-
-
6
health
-
-
-
106
pensions
-
-
-
258
total
-
-
-
789
Employee
521
475
1 242
-
other
5
5
12
-
unemployment
16
14
37
-
pensions
53
49
127
-
income
46
35
285
-
health
20
18
48
-
total
140
121
509
-
Employer
521
475
1 242
-
chamber of commerce
2
2
5
-
health
20
18
47
-
pensions
65
60
156
-
accident
7
6
16
-
unemployment
16
14
37
-
surtax
-
-
-
-
payroll
16
14
37
-
other
25
23
59
-
total
151
137
357
-
Corporate
929
989
1 197
-
income

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

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

232
247
299
-
total
232
247
299
-
Dividends
697
741
-
-
withholding
192
204
-
-
total
192
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
715
709
1 165
789
After tax
885
891
435
811
Living cost
380
380
380
380
Free-cash
505
511
55
431

Estimated living cost  is $380 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1370
$1130
$1434
$1342
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
187
-
1 600
-
income
37
-
320
-
total
37
-
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%.

1 413
1 600
-
-
total
-
-
-
-
Dividends
1 413
1 600
-
-
withholding
71
80
-
-
total
71
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
108
80
320
16
After tax
1 492
1 520
1 280
1 584
Living cost
150
150
150
150
Free-cash
1 342
1 370
1 130
1 434

Estimated living cost  is $150 per week

$101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$782
$444
$488
$682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

527
-
1 384
-
unemployment
1
-
2
-
pensions
82
-
215
-
income
91
-
314
-
health
34
-
89
-
total
208
-
620
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

527
-
1 384
-
health
35
-
92
-
pensions
47
-
123
-
unemployment
-
-
1
-
total
82
-
216
-
Corporate
991
1 600
-
-
income
188
304
-
-
total
188
304
-
-
Dividends
803
1 296
-
-
withholding
120
194
-
-
total
120
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
598
498
836
792
After tax
1 002
1 102
764
808
Living cost
320
320
320
320
Free-cash
682
782
444
488

Estimated living cost  is $320 per week

$219
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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
$462
$933
$595
-$167
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
733
-
-
-
social contributions
60
-
9
-
income
162
-
-
-
total
222
-
9
-
Employer
733
-
-
-
social contributions
1 034
-
147
-
total
1 034
-
147
-
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
1 256
627
156
494
After tax
344
973
1 444
1 106
Living cost
511
511
511
511
Free-cash
-167
462
933
595

Estimated living cost  is $511 per week

$332
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.
$125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
$536
$394
$500
$524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
556
total
-
-
-
726
Employee
548
-
1 293
-
surtax
-
-
-
-
social contributions
60
-
142
-
income
114
-
383
-
total
174
-
525
-
Employer
548
-
1 293
-
social contributions
130
-
307
-
total
130
-
307
-
Corporate
922
1 600
-
-
income
194
336
-
-
surtax
-
-
-
-
total
194
336
-
-
Dividends
728
1 264
-
-
withholding
204
354
-
-
total
204
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
702
690
832
726
After tax
898
910
768
874
Living cost
374
374
374
374
Free-cash
524
536
394
500

Estimated living cost  is $374 per week

$280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$232
$361
$334
$314
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
-
-
-
210
other
-
-
-
50
surtax
-
-
-
-
social contributions
-
-
-
46
health
-
-
-
52
pensions
-
-
-
333
total
-
-
-
691
Employee
746
-
1 268
-
pensions
84
-
76
-
surtax
-
-
-
-
social contributions
21
-
36
-
income
65
-
220
-
total
170
-
332
-
Employer
746
-
1 268
-
health
52
-
103
-
pensions
123
-
130
-
unemployment
30
-
51
-
social contributions
2
-
4
-
other
26
-
44
-
total
233
-
332
-
Corporate
621
1 600
-
-
income
174
448
-
-
surtax
-
-
-
-
total
174
448
-
-
Dividends
447
1 152
-
-
surtax
-
-
-
-
social contributions
77
198
-
-
withholding
57
147
-
-
total
134
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
711
793
664
691
After tax
889
807
936
909
Living cost
575
575
575
575
Free-cash
314
232
361
334

Estimated living cost  is $575 per week

$389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$131
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
$1082
$880
$838
$1042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
52
social contributions
-
-
-
352
total
-
-
-
404
Employee
383
-
1 385
-
income
-
-
57
-
social contributions
25
-
90
-
total
25
-
147
-
Employer
383
-
1 385
-
social contributions
59
-
215
-
total
59
-
215
-
Corporate
1 158
1 600
-
-
income
116
160
-
-
total
116
160
-
-
Dividends
1 042
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
200
160
362
404
After tax
1 400
1 440
1 238
1 196
Living cost
358
358
358
358
Free-cash
1 042
1 082
880
838

Estimated living cost  is $358 per week

$232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-$996
-$996
$399
-$996
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
labour market
-
-
-
127
municipal
-
-
-
318
national
-
-
-
172
pensions
-
-
-
10
total
-
-
-
627
Employee
2 422
2 422
2 422
-
municipal
516
516
516
-
labour market
193
193
193
-
pensions
3
3
3
-
national
296
296
296
-
total
1 008
1 008
1 008
-
Employer
2 422
2 422
2 422
-
national
296
296
296
-
labour market
194
194
194
-
pensions
7
7
7
-
municipal
517
517
517
-
total
1 014
1 014
1 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
2 022
2 022
2 022
627
After tax
-422
-422
-422
973
Living cost
574
574
574
574
Free-cash
-996
-996
-996
399

Estimated living cost  is $574 per week

$393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$51
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$121
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
-$132
$588
$835
$90
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
412
-
1 409
-
pensions
46
-
92
-
income
57
-
305
-
health
47
-
161
-
total
150
-
558
-
Employer
412
-
1 409
-
pensions
67
-
133
-
accident
7
-
24
-
unemployment
10
-
35
-
total
84
-
192
-
Corporate
1 103
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.

993
1 440
-
-
total
993
1 440
-
-
Dividends
110
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 248
1 470
750
503
After tax
352
130
850
1 097
Living cost
262
262
262
262
Free-cash
90
-132
588
835

Estimated living cost  is $262 per week

$191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
$575
$414
$634
$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

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

-
-
-
1 600
health
-
-
-
20
municipal
-
-
-
284
national
-
-
-
205
total
-
-
-
509
Employee
627
-
1 346
-
municipal
103
-
219
-
unemployment
9
-
20
-
pensions
42
-
91
-
national
10
-
129
-
health
5
-
16
-
total
169
-
475
-
Employer
627
-
1 346
-
health
5
-
10
-
pensions
109
-
234
-
accident
1
-
1
-
unemployment
4
-
9
-
total
119
-
254
-
Corporate
855
1 600
-
-
income
171
320
-
-
total
171
320
-
-
Dividends

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

513
960
-
-
municipal
92
173
-
-
national
7
75
-
-
total
99
248
-
-
Income
1 600
1 600
1 600
1 600
Total tax
558
568
729
509
After tax
1 042
1 032
871
1 091
Living cost
457
457
457
457
Free-cash
585
575
414
634

Estimated living cost  is $457 per week

$299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$892
$826
$842
$826
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
-
-
-
248
social contributions
-
-
-
193
health
-
-
-
41
total
-
-
-
482
Employee
916
916
1 470
-
social contributions
35
76
103
-
income
100
85
240
-
health
7
16
25
-
total
142
177
368
-
Employer
916
916
1 470
-
health
8
17
27
-
social contributions
35
76
103
-
total
43
93
130
-
Corporate
1 140
591
-
-
income
143
74
-
-
total
143
74
-
-
Dividends
998
517
-
-
withholding
170
88
-
-
total
170
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
498
432
498
482
After tax
1 102
1 168
1 102
1 118
Living cost
276
276
276
276
Free-cash
826
892
826
842

Estimated living cost  is $276 per week

$165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Larnaca model

Close
Podgorica , Montenegro
$1136
$893
$1133
$1076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 600
income
-
-
-
159
unemployment
-
-
-
-
health
-
-
-
43
pensions
-
-
-
76
total
-
-
-
278
Employee

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

273
-
1 484
-
unemployment
1
-
6
-
pensions
41
-
170
-
income
19
-
129
-
health
23
-
96
-
total
84
-
401
-
Employer

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

273
-
1 484
-
health
12
-
49
-
pensions
15
-
62
-
unemployment
1
-
6
-
total
28
-
117
-
Corporate
1 298
1 600
-
-
income
117
144
-
-
total
117
144
-
-
Dividends
1 182
1 456
-
-
withholding
106
131
-
-
total
106
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
335
275
518
278
After tax
1 265
1 325
1 082
1 322
Living cost
189
189
189
189
Free-cash
1 076
1 136
893
1 133

Estimated living cost  is $189 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
$745
$510
$568
$686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
372
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
704
Employee
441
-
1 248
-
other
-
-
1
-
unemployment
7
-
17
-
pensions
21
-
52
-
income
85
-
339
-
total
113
-
409
-
Employer
441
-
1 248
-
pensions
104
-
261
-
accident
9
-
22
-
unemployment
24
-
61
-
other
4
-
9
-
total
141
-
353
-
Corporate
1 019
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.

153
240
-
-
total
153
240
-
-
Dividends
866
1 360
-
-
withholding
179
287
-
-
total
179
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
586
527
762
704
After tax
1 014
1 073
838
896
Living cost
328
328
328
328
Free-cash
686
745
510
568

Estimated living cost  is $328 per week

$221
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.
$69
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
$974
$1000
$1001
$970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
544
health
-
-
-
13
pensions
-
-
-
18
total
-
-
-
575
Employee
37
-
1 580
-
unemployment
-
-
1
-
pensions
3
-
8
-
income
7
-
543
-
health
2
-
4
-
total
12
-
556
-
Employer
37
-
1 580
-
health
4
-
8
-
pensions
4
-
10
-
unemployment
1
-
2
-
total
9
-
20
-
Corporate
1 555
1 600
-
-
income
342
352
-
-
total
342
352
-
-
Dividends
1 213
1 248
-
-
withholding
243
250
-
-
total
243
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
606
602
576
575
After tax
994
998
1 024
1 025
Living cost
24
24
24
24
Free-cash
970
974
1 000
1 001

Estimated living cost  is $24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
$950
$711
$711
$892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 600
income
-
-
-
350
unemployment
-
-
-
13
health
-
-
-
91
pensions
-
-
-
229
total
-
-
-
683
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.

311
-
1 442
-
unemployment
2
-
7
-
pensions
44
-
123
-
income
43
-
350
-
health
16
-
45
-
total
105
-
525
-
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.

311
-
1 442
-
health
16
-
45
-
pensions
37
-
106
-
unemployment
2
-
7
-
total
55
-
158
-
Corporate
1 234
1 600
-
-
income
185
240
-
-
total
185
240
-
-
Dividends
1 049
1 360
-
-
withholding
157
204
-
-
total
157
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
502
444
683
683
After tax
1 098
1 156
917
917
Living cost
206
206
206
206
Free-cash
892
950
711
711

Estimated living cost  is $206 per week

$139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
$589
$447
$553
$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

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

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

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

-
-
-
556
total
-
-
-
726
Employee
462
-
1 293
-
surtax
-
-
-
-
social contributions
51
-
142
-
income
90
-
383
-
total
141
-
525
-
Employer
462
-
1 293
-
social contributions
110
-
307
-
total
110
-
307
-
Corporate
1 028
1 600
-
-
income
216
336
-
-
surtax
-
-
-
-
total
216
336
-
-
Dividends
812
1 264
-
-
withholding
227
354
-
-
total
227
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
694
690
832
726
After tax
906
910
768
874
Living cost
321
321
321
321
Free-cash
585
589
447
553

Estimated living cost  is $321 per week

$228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$654
$419
$477
$567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
372
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
704
Employee
575
-
1 248
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
339
-
total
157
-
409
-
Employer
575
-
1 248
-
pensions
136
-
261
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
353
-
Corporate
841
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
715
1 360
-
-
withholding
147
287
-
-
total
147
287
-
-
Income
1 600
1 600
1 600
1 600
Total tax
614
527
762
704
After tax
986
1 073
838
896
Living cost
419
419
419
419
Free-cash
567
654
419
477

Estimated living cost  is $419 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1163
$1100
$1043
$1090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
240
unemployment
-
-
-
2
health
-
-
-
48
pensions

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

-
-
-
62
total
-
-
-
352
Employee
271
-
1 518
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
pensions

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

24
-
37
-
income
27
-
152
-
health
12
-
19
-
total
66
-
213
-
Employer
271
-
1 518
-
health
19
-
29
-
pensions

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

30
-
46
-
accident

We are using the highest rate at 1.1%.

3
-
5
-
unemployment
2
-
2
-
total
54
-
82
-
Corporate
1 275
1 600
-
-
income
128
160
-
-
total
128
160
-
-
Dividends
1 148
1 440
-
-
withholding
57
72
-
-
total
57
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
305
232
295
352
After tax
1 295
1 368
1 305
1 248
Living cost
205
205
205
205
Free-cash
1 090
1 163
1 100
1 043

Estimated living cost  is $205 per week

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

Source of data for Sofia model

Close
Berlin , Germany
$364
$596
$446
$521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
439
surtax

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

-
-
-
24
health

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

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

-
-
-
81
trade
-
-
-
150
total
-
-
-
694
Employee

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

593
-
1 600
-
surtax

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

3
-
24
-
income

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

49
-
439
-
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.

81
-
81
-
total
133
-
544
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 007
1 600
-
-
income
151
240
-
-
surtax

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

8
13
-
-
chamber of commerce
3
4
-
-
trade
145
230
-
-
total
307
487
-
-
Dividends
700
1 113
-
-
surtax

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

9
15
-
-
withholding
170
274
-
-
total
179
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
619
776
544
694
After tax
981
824
1 056
906
Living cost
460
460
460
460
Free-cash
521
364
596
446

Estimated living cost  is $460 per week

$317
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.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
$441
$223
$223
$467
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
-
-
-
443
social contributions
-
-
-
255
total
-
-
-
698
Employee
932
-
1 600
-
income
176
-
443
-
social contributions
77
-
255
-
total
253
-
698
-
Employer
932
-
1 600
-
total
-
-
-
-
Corporate
668
1 600
-
-
income
84
200
-
-
total
84
200
-
-
Dividends
584
1 400
-
-
withholding
117
280
-
-
total
117
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
454
480
698
698
After tax
1 146
1 120
902
902
Living cost
679
679
679
679
Free-cash
467
441
223
223

Estimated living cost  is $679 per week

$516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$55
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.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
$544
$735
$756
$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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 600
income
-
-
-
339
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
-
-
-
411
Employee
547
-
1 545
-
income
59
-
322
-
social contributions
55
-
55
-
total
114
-
377
-
Employer
547
-
1 545
-
social contributions
55
-
55
-
total
55
-
55
-
Corporate
999
1 600
-
-
income
350
560
-
-
total
350
560
-
-
Dividends
649
1 040
-
-
social contributions
63
63
-
-
total
63
63
-
-
Income
1 600
1 600
1 600
1 600
Total tax
582
623
432
411
After tax
1 018
977
1 168
1 189
Living cost
433
433
433
433
Free-cash
585
544
735
756

Estimated living cost  is $433 per week

$285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$658
$508
$656
$688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
404
pensions
-
-
-
97
total
-
-
-
501
Employee
608
-
1 402
-
pensions
46
-
123
-
income
111
-
306
-
health
8
-
22
-
total
165
-
451
-
Employer
608
-
1 402
-
health
12
-
27
-
pensions
61
-
171
-
total
73
-
198
-
Corporate
919
1 600
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

175
304
-
-
total
175
304
-
-
Dividends
745
1 296
-
-
withholding
56
195
-
-
total
56
195
-
-
Income
1 600
1 600
1 600
1 600
Total tax
469
499
649
501
After tax
1 131
1 101
951
1 099
Living cost
443
443
443
443
Free-cash
688
658
508
656

Estimated living cost  is $443 per week

$304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

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Warsaw , Poland
-$158
$562
$809
$85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
3
income
-
-
-
420
other
-
-
-
4
health
-
-
-
26
pensions
-
-
-
50
total
-
-
-
503
Employee
453
-
1 409
-
pensions
51
-
92
-
income
62
-
305
-
health
52
-
161
-
total
165
-
558
-
Employer
453
-
1 409
-
pensions
74
-
133
-
accident
8
-
24
-
unemployment
11
-
35
-
total
93
-
192
-
Corporate
1 054
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.

949
1 440
-
-
total
949
1 440
-
-
Dividends
105
160
-
-
withholding
20
30
-
-
total
20
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 227
1 470
750
503
After tax
373
130
850
1 097
Living cost
288
288
288
288
Free-cash
85
-158
562
809

Estimated living cost  is $288 per week

$211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
$1185
$921
$744
$1131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

258
-
1 600
-
health insurance
19
-
71
-
unemployment
3
-
11
-
work injury
1
-
5
-
pensions
47
-
175
-
income
26
-
256
-
total
96
-
518
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 342
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
1 329
1 584
-
-
withholding
199
238
-
-
total
199
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
308
254
518
695
After tax
1 292
1 346
1 082
905
Living cost
161
161
161
161
Free-cash
1 131
1 185
921
744

Estimated living cost  is $161 per week

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

Source of data for Skopje model

Close
Rome , Italy
$368
$224
$298
$313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
social contributions
-
-
-
412
regional
-
-
-
36
municipal
-
-
-
11
national
-
-
-
368
total
-
-
-
827
Employee
1 004
-
1 600
-
municipal
6
-
10
-
national
170
-
320
-
regional
15
-
31
-
social contributions
339
-
540
-
total
530
-
901
-
Employer
1 004
-
1 600
-
total
-
-
-
-
Corporate
596
1 600
-
-
municipal
29
77
-
-
nationa
143
384
-
-
total
172
461
-
-
Dividends
424
1 139
-
-
withholding
110
296
-
-
total
110
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
812
757
901
827
After tax
788
843
699
773
Living cost
475
475
475
475
Free-cash
313
368
224
298

Estimated living cost  is $475 per week

$333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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