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
$480
$599
$540
$713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
173
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.

-
-
-
461
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.

-
-
-
74
surtax

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

-
-
-
25
total
-
-
-
733
Employee

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

413
-
1 600
-
health

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

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

74
-
74
-
surtax

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

1
-
25
-
income

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

12
-
461
-
total
87
-
560
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 187
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.

10
13
-
-
income
178
240
-
-
trade
187
252
-
-
chamber of commerce
3
4
-
-
total
378
509
-
-
Dividends
809
1 091
-
-
surtax

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

11
15
-
-
withholding
198
269
-
-
total
209
284
-
-
Income
1 600
1 600
1 600
1 600
Total tax
674
793
560
733
After tax
926
807
1 040
867
Living cost
327
327
327
327
Free-cash
599
480
713
540

Estimated living cost  is $327 per week

$206
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.
$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

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
$453
$443
$405
$417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
173
pensions
-
-
-
192
national
-
-
-
268
social contributions
-
-
-
17
total
-
-
-
650
Employee
844
-
1 383
-
municipal
104
-
179
-
pensions
34
-
55
-
national
162
-
278
-
total
300
-
512
-
Employer
844
-
1 383
-
social contributions
9
-
15
-
pensions
68
-
111
-
total
77
-
126
-
Corporate
624
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%.

125
320
-
-
total
125
320
-
-
Dividends
499
1 280
-
-
withholding
110
282
-
-
total
110
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
612
602
638
650
After tax
988
998
962
950
Living cost
545
545
545
545
Free-cash
443
453
417
405

Estimated living cost  is $545 per week

$370
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.
$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.
$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

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
$1055
$966
$293
$751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
261
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.

-
-
-
413
total
-
-
-
1 082
Employee
315
-
1 144
-
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.

35
-
126
-
surtax
-
-
-
-
income
56
-
222
-
total
91
-
348
-
Employer
315
-
1 144
-
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.

76
-
276
-
surtax
-
-
-
-
total
76
-
276
-
Corporate
1 209
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%.

242
320
-
-
total
242
320
-
-
Dividends

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

967
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
409
320
624
1 082
After tax
1 191
1 280
976
518
Living cost
225
225
225
225
Free-cash
966
1 055
751
293

Estimated living cost  is $225 per week

$143
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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$337
$270
$453
$515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
436
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
695
Employee
922
922
1 399
-
health
141
120
133
-
income

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

151
151
173
-
pensions
166
126
126
-
total
458
397
432
-
Employer
922
922
1 399
-
unemployment
33
33
41
-
pensions
64
64
80
-
health
64
64
80
-
total
161
161
201
-
Corporate
528
517
-
-
income
106
103
-
-
total
106
103
-
-
Dividends
423
414
-
-
income
90
88
-
-
withholding
63
62
-
-
total
153
150
-
-
Income
1 600
1 600
1 600
1 600
Total tax
878
811
633
695
After tax
722
789
967
905
Living cost
452
452
452
452
Free-cash
270
337
515
453

Estimated living cost  is $452 per week

$320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
$458
$448
$420
$410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
398
accident
-
-
-
2
pensions
-
-
-
98
other
-
-
-
106
unemployment
-
-
-
1
health
-
-
-
57
national
-
-
-
102
total
-
-
-
764
Employee
592
-
1 314
-
municipal
177
-
392
-
national
-
-
96
-
total
177
-
488
-
Employer
592
-
1 314
-
accident
1
-
2
-
other
69
-
106
-
unemployment
16
-
24
-
pensions
64
-
98
-
health
36
-
56
-
total
186
-
286
-
Corporate
821
1 600
-
-
income
181
352
-
-
total
181
352
-
-
Dividends
641
1 248
-
-
withholding
192
374
-
-
total
192
374
-
-
Income
1 600
1 600
1 600
1 600
Total tax
736
726
774
764
After tax
864
874
826
836
Living cost
416
416
416
416
Free-cash
448
458
410
420

Estimated living cost  is $416 per week

$276
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 Source

Source of data for Stockholm model

Close
Hamburg , Germany
$375
$526
$435
$616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
181
income

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

-
-
-
461
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.

-
-
-
74
surtax

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

-
-
-
25
total
-
-
-
741
Employee

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

547
-
1 600
-
health

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

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

74
-
74
-
surtax

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

3
-
25
-
income

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

47
-
461
-
total
124
-
560
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 053
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.

9
13
-
-
income
158
240
-
-
trade
173
263
-
-
chamber of commerce
3
4
-
-
total
343
520
-
-
Dividends
710
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.

10
15
-
-
withholding
173
266
-
-
total
183
281
-
-
Income
1 600
1 600
1 600
1 600
Total tax
650
801
560
741
After tax
950
799
1 040
859
Living cost
424
424
424
424
Free-cash
526
375
616
435

Estimated living cost  is $424 per week

$284
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.
$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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$818
$775
$758
$744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
276
health
-
-
-
41
social contributions
-
-
-
175
total
-
-
-
492
Employee
830
830
1 480
-
social contributions
40
69
93
-
health
8
14
25
-
income
87
77
268
-
total
135
160
386
-
Employer
830
830
1 480
-
social contributions
40
69
93
-
health
9
15
27
-
total
49
84
120
-
Corporate
1 065
686
-
-
income
133
86
-
-
total
133
86
-
-
Dividends
932
600
-
-
withholding
158
102
-
-
total
158
102
-
-
Income
1 600
1 600
1 600
1 600
Total tax
475
432
506
492
After tax
1 125
1 168
1 094
1 108
Living cost
350
350
350
350
Free-cash
775
818
744
758

Estimated living cost  is $350 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
$704
$709
$913
$732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

282
112
1 339
-
health
20
8
94
-
income
34
14
164
-
pensions
28
11
134
-
unemployment
4
2
20
-
total
86
35
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.

282
112
1 339
-
pensions
55
22
261
-
total
55
22
261
-
Corporate
1 263
1 466
-
-
income
114
132
-
-
total
114
132
-
-
Dividends
1 149
1 334
-
-
social contributions
223
259
-
-
withholding
218
253
-
-
total
441
512
-
-
Income
1 600
1 600
1 600
1 600
Total tax
696
701
673
492
After tax
904
899
927
1 108
Living cost
195
195
195
195
Free-cash
709
704
732
913

Estimated living cost  is $195 per week

$133
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.
$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.
$42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$1019
$953
$597
$661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
214
pensions
-
-
-
320
health
-
-
-
208
total
-
-
-
742
Employee
306
-
1 196
-
income
34
-
231
-
pensions
6
-
24
-
unemployment
5
-
19
-
total
45
-
274
-
Employer
306
-
1 196
-
unemployment
2
-
10
-
pensions
61
-
239
-
health
40
-
155
-
total
103
-
404
-
Corporate
1 190
1 600
-
-
income
238
320
-
-
total
238
320
-
-
Dividends
952
1 280
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
386
320
678
742
After tax
1 214
1 280
922
858
Living cost
261
261
261
261
Free-cash
953
1 019
661
597

Estimated living cost  is $261 per week

$179
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.
$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.
$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 Tallinn model

Close
Gdansk , Poland
-$106
$94
$858
$622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
431
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
506
Employee
371
-
1 423
-
health
42
-
163
-
income
51
-
320
-
pensions
42
-
82
-
total
135
-
565
-
Employer
371
-
1 423
-
accident
6
-
24
-
unemployment
9
-
35
-
pensions
60
-
118
-
total
75
-
177
-
Corporate
1 154
1 600
-
-
income

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

1 038
1 440
-
-
total
1 038
1 440
-
-
Dividends
115
160
-
-
withholding
22
30
-
-
total
22
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 270
1 470
742
506
After tax
330
130
858
1 094
Living cost
236
236
236
236
Free-cash
94
-106
622
858

Estimated living cost  is $236 per week

$173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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

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
$1422
$1403
$1486
$1182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
123
-
1 600
-
income
25
-
320
-
total
25
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 477
1 600
-
-
total
-
-
-
-
Dividends
1 477
1 600
-
-
withholding
74
80
-
-
total
74
80
-
-
Income
1 600
1 600
1 600
1 600
Total tax
99
80
320
16
After tax
1 501
1 520
1 280
1 584
Living cost
98
98
98
98
Free-cash
1 403
1 422
1 182
1 486

Estimated living cost  is $98 per week

$61
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
$888
$816
$560
$626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
222
pensions

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

-
-
-
384
other
-
-
-
76
health
-
-
-
70
total
-
-
-
752
Employee
392
-
1 278
-
health
5
-
18
-
income
67
-
244
-
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.

27
-
89
-
unemployment
4
-
13
-
total
103
-
364
-
Employer
392
-
1 278
-
accident
3
-
10
-
other
20
-
64
-
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.

67
-
217
-
health
5
-
18
-
total
99
-
322
-
Corporate
1 109
1 600
-
-
income
233
336
-
-
total
233
336
-
-
Dividends
876
1 264
-
-
withholding
61
88
-
-
total
61
88
-
-
Income
1 600
1 600
1 600
1 600
Total tax
496
424
686
752
After tax
1 104
1 176
914
848
Living cost
288
288
288
288
Free-cash
816
888
626
560

Estimated living cost  is $288 per week

$203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
$355
$324
$359
$211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
424
pensions
-
-
-
91
total
-
-
-
515
Employee
1 028
-
1 401
-
health
17
-
22
-
income
185
-
326
-
pensions
99
-
115
-
total
301
-
463
-
Employer
1 028
-
1 401
-
pensions
121
-
173
-
health
20
-
27
-
total
141
-
200
-
Corporate
431
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.

82
304
-
-
total
82
304
-
-
Dividends
349
1 296
-
-
withholding
26
215
-
-
total
26
215
-
-
Income
1 600
1 600
1 600
1 600
Total tax
550
519
663
515
After tax
1 050
1 081
937
1 085
Living cost
726
726
726
726
Free-cash
324
355
211
359

Estimated living cost  is $726 per week

$544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$85
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
$1226
$1175
$1118
$1177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
341
Employee
187
-
1 526
-
health
9
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
19
-
153
-
pensions

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

16
-
33
-
total
46
-
207
-
Employer
187
-
1 526
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

21
-
42
-
health
13
-
26
-
total
37
-
74
-
Corporate
1 376
1 600
-
-
income
138
160
-
-
total
138
160
-
-
Dividends
1 238
1 440
-
-
withholding
62
72
-
-
total
62
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
283
232
281
341
After tax
1 317
1 368
1 319
1 259
Living cost
142
142
142
142
Free-cash
1 175
1 226
1 177
1 118

Estimated living cost  is $142 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$10
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.
$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 Varna model

Close
Amsterdam , Netherlands
$191
$216
$307
$369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
436
pensions
-
-
-
126
health
-
-
-
133
total
-
-
-
695
Employee
1 001
922
1 399
-
health
125
120
133
-
income

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

151
151
173
-
pensions
126
126
126
-
total
402
397
432
-
Employer
1 001
922
1 399
-
unemployment
36
33
41
-
pensions
70
64
80
-
health
70
64
80
-
total
176
161
201
-
Corporate
424
517
-
-
income
85
103
-
-
total
85
103
-
-
Dividends
339
414
-
-
income
72
88
-
-
withholding
51
62
-
-
total
123
150
-
-
Income
1 600
1 600
1 600
1 600
Total tax
786
811
633
695
After tax
814
789
967
905
Living cost
598
598
598
598
Free-cash
216
191
369
307

Estimated living cost  is $598 per week

$441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
$844
$752
$603
$554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
152
health
-
-
-
216
solidarity contribution
-
-
-
-
social contributions
-
-
-
371
total
-
-
-
739
Employee
379
-
1 194
-
social contributions
25
-
78
-
health
51
-
161
-
solidarity contribution
-
-
-
-
income
45
-
143
-
total
121
-
382
-
Employer
379
-
1 194
-
social contributions
95
-
299
-
health
34
-
107
-
total
129
-
406
-
Corporate
1 092
1 600
-
-
income
207
304
-
-
total
207
304
-
-
Dividends
884
1 296
-
-
withholding
133
194
-
-
total
133
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
590
498
788
739
After tax
1 010
1 102
812
861
Living cost
258
258
258
258
Free-cash
752
844
554
603

Estimated living cost  is $258 per week

$179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$399
$343
$326
$253
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
10
regional
-
-
-
19
national
-
-
-
378
social contributions
-
-
-
412
total
-
-
-
819
Employee
959
-
1 600
-
social contributions
323
-
540
-
regional
9
-
16
-
municipal
5
-
8
-
national
166
-
328
-
total
503
-
892
-
Employer
959
-
1 600
-
total
-
-
-
-
Corporate
641
1 600
-
-
nationa
154
384
-
-
municipal
25
62
-
-
total
179
446
-
-
Dividends
462
1 154
-
-
withholding
120
300
-
-
total
120
300
-
-
Income
1 600
1 600
1 600
1 600
Total tax
802
746
892
819
After tax
798
854
708
781
Living cost
455
455
455
455
Free-cash
343
399
253
326

Estimated living cost  is $455 per week

$317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Milan model

Close
Thessaloniki , Greece
$768
$734
$522
$474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
392
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
56
total
-
-
-
840
Employee
357
-
1 322
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
49
-
income
60
-
347
-
pensions
24
-
88
-
unemployment
25
-
92
-
total
119
-
610
-
Employer
357
-
1 322
-
other
-
-
-
-
unemployment
11
-
42
-
pensions
48
-
176
-
health
16
-
60
-
total
75
-
278
-
Corporate
1 168
1 600
-
-
income
304
416
-
-
total
304
416
-
-
Dividends
864
1 184
-
-
withholding
130
178
-
-
total
130
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
628
594
888
840
After tax
972
1 006
712
760
Living cost
238
238
238
238
Free-cash
734
768
474
522

Estimated living cost  is $238 per week

$146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
$585
$618
$589
$441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
424
pensions
-
-
-
91
total
-
-
-
515
Employee
689
-
1 401
-
health
10
-
22
-
income
124
-
326
-
pensions
58
-
115
-
total
192
-
463
-
Employer
689
-
1 401
-
pensions
75
-
173
-
health
13
-
27
-
total
88
-
200
-
Corporate
823
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.

156
304
-
-
total
156
304
-
-
Dividends
667
1 296
-
-
withholding
50
215
-
-
total
50
215
-
-
Income
1 600
1 600
1 600
1 600
Total tax
486
519
663
515
After tax
1 114
1 081
937
1 085
Living cost
496
496
496
496
Free-cash
618
585
441
589

Estimated living cost  is $496 per week

$372
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.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-$93
$260
$484
$407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
17
pensions
-
-
-
147
other

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

-
-
-
32
regional
-
-
-
72
health
-
-
-
4
national
-
-
-
20
total
-
-
-
292
Employee
965
-
1 432
-
city
10
-
15
-
regional
32
-
62
-
health
2
-
3
-
pensions
81
-
120
-
unemployment
-
-
-
-
national
5
-
16
-
total
130
-
216
-
Employer
965
-
1 432
-
other

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

19
-
29
-
unemployment
-
-
-
-
pensions
81
-
120
-
health
2
-
3
-
total
102
-
152
-
Corporate
522
1 600
-
-
regional
110
338
-
-
national
44
136
-
-
total
154
474
-
-
Dividends
367
1 126
-
-
withholding
129
394
-
-
total
129
394
-
-
Income
1 600
1 600
1 600
1 600
Total tax
515
868
368
292
After tax
1 085
732
1 232
1 308
Living cost
825
825
825
825
Free-cash
260
-93
407
484

Estimated living cost  is $825 per week

$536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
$298
$472
$358
$546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
188
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.

-
-
-
461
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.

-
-
-
74
surtax

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

-
-
-
25
total
-
-
-
748
Employee

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

649
-
1 600
-
health

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

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

74
-
74
-
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.

4
-
25
-
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.

76
-
461
-
total
154
-
560
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
951
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.

8
13
-
-
income
143
240
-
-
trade
163
274
-
-
chamber of commerce
3
4
-
-
total
317
531
-
-
Dividends
635
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
155
263
-
-
total
163
277
-
-
Income
1 600
1 600
1 600
1 600
Total tax
634
808
560
748
After tax
966
792
1 040
852
Living cost
494
494
494
494
Free-cash
472
298
546
358

Estimated living cost  is $494 per week

$361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$438
$502
$537
$543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
226
pensions
-
-
-
314
other
-
-
-
50
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
694
Employee
462
-
1 257
-
social contributions
13
-
36
-
surtax
-
-
-
-
income
27
-
228
-
pensions
52
-
80
-
total
92
-
344
-
Employer
462
-
1 257
-
other
16
-
46
-
social contributions
1
-
4
-
unemployment
19
-
51
-
pensions
76
-
136
-
health
32
-
107
-
total
144
-
344
-
Corporate
994
1 600
-
-
surtax
-
-
-
-
income
278
448
-
-
total
278
448
-
-
Dividends
716
1 152
-
-
surtax
-
-
-
-
social contributions
123
198
-
-
withholding
92
147
-
-
total
215
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
729
793
688
694
After tax
871
807
912
906
Living cost
369
369
369
369
Free-cash
502
438
543
537

Estimated living cost  is $369 per week

$233
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.
$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 Source

Source of data for Nice model

Close
Marseille , France
$474
$532
$573
$579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
226
pensions
-
-
-
314
other
-
-
-
50
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
694
Employee
412
-
1 257
-
social contributions
12
-
36
-
surtax
-
-
-
-
income
21
-
228
-
pensions
47
-
80
-
total
80
-
344
-
Employer
412
-
1 257
-
other
14
-
46
-
social contributions
1
-
4
-
unemployment
17
-
51
-
pensions
68
-
136
-
health
29
-
107
-
total
129
-
344
-
Corporate
1 059
1 600
-
-
surtax
-
-
-
-
income
297
448
-
-
total
297
448
-
-
Dividends
762
1 152
-
-
surtax
-
-
-
-
social contributions
131
198
-
-
withholding
98
147
-
-
total
229
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
735
793
688
694
After tax
865
807
912
906
Living cost
333
333
333
333
Free-cash
532
474
579
573

Estimated living cost  is $333 per week

$193
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.
$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 Source

Source of data for Marseille model

Close
Vilnius , Lithuania
$747
$751
$798
$774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
112
social contributions
-
-
-
221
total
-
-
-
573
Employee
366
-
1 600
-
social contributions
51
-
221
-
health
26
-
112
-
income
61
-
264
-
total
138
-
597
-
Employer
366
-
1 600
-
total
-
-
-
-
Corporate
1 234
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%.

62
80
-
-
total
62
80
-
-
Dividends
1 172
1 520
-
-
health
82
106
-
-
social contributions
162
210
-
-
withholding
176
228
-
-
total
420
544
-
-
Income
1 600
1 600
1 600
1 600
Total tax
620
624
597
573
After tax
980
976
1 003
1 027
Living cost
229
229
229
229
Free-cash
751
747
774
798

Estimated living cost  is $229 per week

$153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$508
$493
$440
$39
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
income
-
-
-
377
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
2
total
-
-
-
780
Employee
539
430
1 241
-
other
5
4
12
-
health
21
17
48
-
income
61
32
298
-
pensions
55
44
127
-
unemployment
16
13
37
-
total
158
110
522
-
Employer
539
430
1 241
-
accident
7
6
16
-
other
26
20
59
-
chamber of commerce
2
2
5
-
unemployment
16
13
37
-
surtax
2
2
2
-
pensions
68
54
156
-
payroll
16
13
37
-
health
20
16
47
-
total
157
126
359
-
Corporate
903
1 044
1 200
-
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.

226
261
300
-
total
226
261
300
-
Dividends
678
783
-
-
withholding
186
215
-
-
total
186
215
-
-
Income
1 600
1 600
1 600
1 600
Total tax
727
712
1 181
780
After tax
873
888
419
820
Living cost
380
380
380
380
Free-cash
493
508
39
440

Estimated living cost  is $380 per week

$254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$503
$342
$307
$186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
569
communal

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

-
-
-
81
social contributions
-
-
-
250
total
-
-
-
900
Employee

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

772
-
1 239
-
communal

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

40
-
65
-
health

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

36
-
58
-
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.

58
-
93
-
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
-
national
237
-
433
-
total
378
-
660
-
Employer

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

772
-
1 239
-
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.

10
-
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.

11
-
18
-
surtax
88
-
141
-
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.

68
-
110
-
health

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

47
-
76
-
total
224
-
361
-
Corporate
603
1 600
-
-
surtax
2
6
-
-
income
121
320
-
-
total
123
326
-
-
Dividends
480
1 274
-
-
withholding

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

140
378
-
-
total
140
378
-
-
Income
1 600
1 600
1 600
1 600
Total tax
865
704
1 021
900
After tax
735
896
579
700
Living cost
393
393
393
393
Free-cash
342
503
186
307

Estimated living cost  is $393 per week

$253
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
$680
$600
$511
$465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
9
income
-
-
-
399
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
699
Employee
537
-
1 281
-
other
1
-
1
-
income
113
-
362
-
pensions
25
-
47
-
unemployment
8
-
16
-
total
147
-
426
-
Employer
537
-
1 281
-
accident
11
-
20
-
other
4
-
8
-
unemployment
30
-
55
-
pensions
127
-
236
-
total
172
-
319
-
Corporate
892
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.

134
240
-
-
total
134
240
-
-
Dividends
758
1 360
-
-
withholding
157
290
-
-
total
157
290
-
-
Income
1 600
1 600
1 600
1 600
Total tax
610
530
745
699
After tax
990
1 070
855
901
Living cost
390
390
390
390
Free-cash
600
680
465
511

Estimated living cost  is $390 per week

$287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
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 Barcelona model

Close
Luxembourg , Luxembourg
$367
$246
$240
$302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
13
income
-
-
-
229
pensions
-
-
-
240
health
-
-
-
112
surtax
-
-
-
79
communal
-
-
-
101
total
-
-
-
774
Employee
817
-
1 429
-
health
36
-
64
-
surtax
50
-
88
-
income
79
-
275
-
pensions
65
-
114
-
total
230
-
541
-
Employer
817
-
1 429
-
accident
7
-
13
-
pensions
65
-
114
-
health
25
-
44
-
total
97
-
171
-
Corporate
685
1 600
-
-
surtax
7
17
-
-
communal
46
108
-
-
income
103
240
-
-
total
156
365
-
-
Dividends
529
1 235
-
-
income
206
97
-
-
withholding
79
185
-
-
total
285
282
-
-
Income
1 600
1 600
1 600
1 600
Total tax
768
647
712
774
After tax
832
953
888
826
Living cost
586
586
586
586
Free-cash
246
367
302
240

Estimated living cost  is $586 per week

$440
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
$764
$730
$518
$470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
392
pensions
-
-
-
288
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
102
surtax
-
-
-
56
total
-
-
-
840
Employee
363
-
1 322
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
49
-
income
61
-
347
-
pensions
24
-
88
-
unemployment
25
-
92
-
total
120
-
610
-
Employer
363
-
1 322
-
other
-
-
-
-
unemployment
12
-
42
-
pensions
48
-
176
-
health
17
-
60
-
total
77
-
278
-
Corporate
1 160
1 600
-
-
income
302
416
-
-
total
302
416
-
-
Dividends
858
1 184
-
-
withholding
129
178
-
-
total
129
178
-
-
Income
1 600
1 600
1 600
1 600
Total tax
628
594
888
840
After tax
972
1 006
712
760
Living cost
242
242
242
242
Free-cash
730
764
470
518

Estimated living cost  is $242 per week

$146
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.
$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 of data for Athens model

Close
Naples , Italy
$550
$526
$485
$411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
10
regional
-
-
-
24
national
-
-
-
378
social contributions
-
-
-
412
total
-
-
-
824
Employee
599
-
1 600
-
social contributions
202
-
540
-
regional
8
-
22
-
municipal
3
-
8
-
national
95
-
328
-
total
308
-
898
-
Employer
599
-
1 600
-
total
-
-
-
-
Corporate
1 001
1 600
-
-
nationa
240
384
-
-
municipal
50
80
-
-
total
290
464
-
-
Dividends
711
1 136
-
-
withholding
185
295
-
-
total
185
295
-
-
Income
1 600
1 600
1 600
1 600
Total tax
783
759
898
824
After tax
817
841
702
776
Living cost
291
291
291
291
Free-cash
526
550
411
485

Estimated living cost  is $291 per week

$181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
$784
$671
$543
$494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
152
health
-
-
-
216
solidarity contribution
-
-
-
-
social contributions
-
-
-
371
total
-
-
-
739
Employee
467
-
1 194
-
social contributions
30
-
78
-
health
63
-
161
-
solidarity contribution
-
-
-
-
income
56
-
143
-
total
149
-
382
-
Employer
467
-
1 194
-
social contributions
117
-
299
-
health
42
-
107
-
total
159
-
406
-
Corporate
974
1 600
-
-
income
185
304
-
-
total
185
304
-
-
Dividends
789
1 296
-
-
withholding
118
194
-
-
total
118
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
611
498
788
739
After tax
989
1 102
812
861
Living cost
318
318
318
318
Free-cash
671
784
494
543

Estimated living cost  is $318 per week

$236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$544
$541
$478
$77
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
6
income
-
-
-
377
pensions
-
-
-
233
unemployment
-
-
-
66
health
-
-
-
96
surtax
-
-
-
-
total
-
-
-
778
Employee
472
430
1 242
-
other
5
4
12
-
health
18
17
48
-
income
42
32
298
-
pensions
48
44
127
-
unemployment
14
13
37
-
total
127
110
522
-
Employer
472
430
1 242
-
accident
6
6
16
-
other
22
20
59
-
chamber of commerce
2
2
5
-
unemployment
14
13
37
-
surtax
-
-
-
-
pensions
59
54
156
-
payroll
14
13
37
-
health
18
16
47
-
total
135
124
357
-
Corporate
992
1 046
1 201
-
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.

248
262
300
-
total
248
262
300
-
Dividends
744
785
-
-
withholding
205
216
-
-
total
205
216
-
-
Income
1 600
1 600
1 600
1 600
Total tax
715
712
1 179
778
After tax
885
888
421
822
Living cost
344
344
344
344
Free-cash
541
544
77
478

Estimated living cost  is $344 per week

$207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
$1367
$1339
$1431
$1127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
192
-
1 600
-
income
38
-
320
-
total
38
-
320
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

1 408
1 600
-
-
total
-
-
-
-
Dividends
1 408
1 600
-
-
withholding
70
80
-
-
total
70
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
153
153
153
153
Free-cash
1 339
1 367
1 127
1 431

Estimated living cost  is $153 per week

$104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
$813
$723
$509
$465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
351
pensions
-
-
-
292
unemployment
-
-
-
2
health
-
-
-
157
total
-
-
-
802
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.

477
-
1 384
-
health
31
-
89
-
income
82
-
324
-
pensions
74
-
215
-
unemployment
1
-
2
-
total
188
-
630
-
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.

477
-
1 384
-
unemployment
-
-
1
-
pensions
42
-
123
-
health
32
-
92
-
total
74
-
216
-
Corporate
1 048
1 600
-
-
income
199
304
-
-
total
199
304
-
-
Dividends
849
1 296
-
-
withholding
127
194
-
-
total
127
194
-
-
Income
1 600
1 600
1 600
1 600
Total tax
588
498
846
802
After tax
1 012
1 102
754
798
Living cost
289
289
289
289
Free-cash
723
813
465
509

Estimated living cost  is $289 per week

$199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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 Ljubljana model

Close
Oslo , Norway
$507
-$11
$640
$992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
668
-
-
-
social contributions
55
-
8
-
income
147
-
-
-
total
202
-
8
-
Employer
668
-
-
-
social contributions
943
-
134
-
total
943
-
134
-
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
1 145
627
142
494
After tax
455
973
1 458
1 106
Living cost
466
466
466
466
Free-cash
-11
507
992
640

Estimated living cost  is $466 per week

$302
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.
$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.
$114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$571
$560
$528
$416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
177
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
733
Employee
496
-
1 293
-
social contributions
55
-
142
-
surtax
-
-
-
-
income
103
-
396
-
total
158
-
538
-
Employer
496
-
1 293
-
social contributions
118
-
307
-
total
118
-
307
-
Corporate
986
1 600
-
-
surtax
-
-
-
-
income
207
336
-
-
total
207
336
-
-
Dividends
779
1 264
-
-
withholding
218
354
-
-
total
218
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
701
690
845
733
After tax
899
910
755
867
Living cost
339
339
339
339
Free-cash
560
571
416
528

Estimated living cost  is $339 per week

$253
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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
$286
$361
$385
$391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
226
pensions
-
-
-
314
other
-
-
-
50
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
46
total
-
-
-
694
Employee
676
-
1 257
-
social contributions
19
-
36
-
surtax
-
-
-
-
income
59
-
228
-
pensions
76
-
80
-
total
154
-
344
-
Employer
676
-
1 257
-
other
23
-
46
-
social contributions
2
-
4
-
unemployment
27
-
51
-
pensions
111
-
136
-
health
47
-
107
-
total
210
-
344
-
Corporate
713
1 600
-
-
surtax
-
-
-
-
income
200
448
-
-
total
200
448
-
-
Dividends
513
1 152
-
-
surtax
-
-
-
-
social contributions
88
198
-
-
withholding
66
147
-
-
total
154
345
-
-
Income
1 600
1 600
1 600
1 600
Total tax
718
793
688
694
After tax
882
807
912
906
Living cost
521
521
521
521
Free-cash
361
286
391
385

Estimated living cost  is $521 per week

$353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
$1116
$1079
$865
$907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
59
social contributions
-
-
-
352
total
-
-
-
411
Employee
347
-
1 385
-
income
-
-
64
-
social contributions
23
-
90
-
total
23
-
154
-
Employer
347
-
1 385
-
social contributions
54
-
215
-
total
54
-
215
-
Corporate
1 199
1 600
-
-
income
120
160
-
-
total
120
160
-
-
Dividends
1 079
1 440
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
197
160
369
411
After tax
1 403
1 440
1 231
1 189
Living cost
324
324
324
324
Free-cash
1 079
1 116
907
865

Estimated living cost  is $324 per week

$210
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.
$84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-$750
-$750
$442
-$750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
324
pensions
-
-
-
9
national
-
-
-
178
labour market
-
-
-
127
total
-
-
-
638
Employee
2 193
2 193
2 193
-
labour market
175
175
175
-
national
268
268
268
-
municipal
467
467
467
-
pensions
3
3
3
-
total
913
913
913
-
Employer
2 193
2 193
2 193
-
labour market
175
175
175
-
municipal
468
468
468
-
pensions
6
6
6
-
national
268
268
268
-
total
917
917
917
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 830
1 830
1 830
638
After tax
-230
-230
-230
962
Living cost
520
520
520
520
Free-cash
-750
-750
-750
442

Estimated living cost  is $520 per week

$356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$46
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$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 Copenhagen model

Close
Krakow , Poland
-$102
$95
$862
$626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
431
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
506
Employee
365
-
1 423
-
health
42
-
163
-
income
50
-
320
-
pensions
41
-
82
-
total
133
-
565
-
Employer
365
-
1 423
-
accident
6
-
24
-
unemployment
9
-
35
-
pensions
59
-
118
-
total
74
-
177
-
Corporate
1 160
1 600
-
-
income

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

1 044
1 440
-
-
total
1 044
1 440
-
-
Dividends
116
160
-
-
withholding
22
30
-
-
total
22
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 273
1 470
742
506
After tax
327
130
858
1 094
Living cost
232
232
232
232
Free-cash
95
-102
626
862

Estimated living cost  is $232 per week

$169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$607
$627
$662
$445
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
municipal
-
-
-
284
health
-
-
-
20
national
-
-
-
220
total
-
-
-
524
Employee
568
-
1 346
-
health
4
-
16
-
municipal
93
-
219
-
pensions
38
-
91
-
unemployment
9
-
20
-
national
9
-
141
-
total
153
-
487
-
Employer
568
-
1 346
-
accident
1
-
1
-
unemployment
4
-
9
-
pensions
99
-
234
-
health
4
-
10
-
total
108
-
254
-
Corporate
925
1 600
-
-
income
185
320
-
-
total
185
320
-
-
Dividends

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

555
960
-
-
national
13
86
-
-
municipal
100
173
-
-
total
113
259
-
-
Income
1 600
1 600
1 600
1 600
Total tax
559
579
741
524
After tax
1 041
1 021
859
1 076
Living cost
414
414
414
414
Free-cash
627
607
445
662

Estimated living cost  is $414 per week

$271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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

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
$918
$861
$858
$844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
276
health
-
-
-
41
social contributions
-
-
-
175
total
-
-
-
492
Employee
830
830
1 480
-
social contributions
31
69
93
-
health
6
14
25
-
income
90
77
268
-
total
127
160
386
-
Employer
830
830
1 480
-
social contributions
31
69
93
-
health
7
15
27
-
total
38
84
120
-
Corporate
1 184
686
-
-
income
148
86
-
-
total
148
86
-
-
Dividends
1 036
600
-
-
withholding
176
102
-
-
total
176
102
-
-
Income
1 600
1 600
1 600
1 600
Total tax
489
432
506
492
After tax
1 111
1 168
1 094
1 108
Living cost
250
250
250
250
Free-cash
861
918
844
858

Estimated living cost  is $250 per week

$150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
$1154
$1099
$1161
$944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
160
pensions
-
-
-
69
unemployment
-
-
-
-
health
-
-
-
39
total
-
-
-
268
Employee

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

248
-
1 495
-
health
21
-
87
-
income
17
-
134
-
pensions
37
-
154
-
unemployment
1
-
5
-
total
76
-
380
-
Employer

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

248
-
1 495
-
unemployment
1
-
5
-
pensions
14
-
56
-
health
11
-
44
-
total
26
-
105
-
Corporate
1 327
1 600
-
-
income
119
144
-
-
total
119
144
-
-
Dividends
1 207
1 456
-
-
withholding
109
131
-
-
total
109
131
-
-
Income
1 600
1 600
1 600
1 600
Total tax
330
275
485
268
After tax
1 270
1 325
1 115
1 332
Living cost
171
171
171
171
Free-cash
1 099
1 154
944
1 161

Estimated living cost  is $171 per week

$109
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 Podgorica model

Close
Valencia , Spain
$773
$724
$604
$558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
accident
-
-
-
9
income
-
-
-
399
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
699
Employee
399
-
1 281
-
other
-
-
1
-
income
77
-
362
-
pensions
19
-
47
-
unemployment
6
-
16
-
total
102
-
426
-
Employer
399
-
1 281
-
accident
8
-
20
-
other
3
-
8
-
unemployment
22
-
55
-
pensions
94
-
236
-
total
127
-
319
-
Corporate
1 074
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.

161
240
-
-
total
161
240
-
-
Dividends
913
1 360
-
-
withholding
189
290
-
-
total
189
290
-
-
Income
1 600
1 600
1 600
1 600
Total tax
579
530
745
699
After tax
1 021
1 070
855
901
Living cost
297
297
297
297
Free-cash
724
773
558
604

Estimated living cost  is $297 per week

$200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$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 Valencia model

Close
Istanbul , Turkey
$968
$964
$992
$991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
540
pensions
-
-
-
22
health
-
-
-
16
total
-
-
-
578
Employee
45
-
1 576
-
health
2
-
5
-
income
9
-
539
-
pensions
4
-
10
-
unemployment
-
-
1
-
total
15
-
555
-
Employer
45
-
1 576
-
unemployment
1
-
2
-
pensions
5
-
12
-
health
4
-
10
-
total
10
-
24
-
Corporate
1 545
1 600
-
-
income
340
352
-
-
total
340
352
-
-
Dividends
1 205
1 248
-
-
withholding
241
250
-
-
total
241
250
-
-
Income
1 600
1 600
1 600
1 600
Total tax
606
602
579
578
After tax
994
998
1 021
1 022
Living cost
30
30
30
30
Free-cash
964
968
991
992

Estimated living cost  is $30 per week

$18
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.
$9
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$970
$918
$758
$757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
355
pensions
-
-
-
207
unemployment
-
-
-
12
health
-
-
-
82
total
-
-
-
656
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.

281
-
1 457
-
health
14
-
41
-
income
39
-
355
-
pensions
39
-
112
-
unemployment
2
-
6
-
total
94
-
514
-
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.

281
-
1 457
-
unemployment
2
-
6
-
pensions
34
-
96
-
health
14
-
41
-
total
50
-
143
-
Corporate
1 268
1 600
-
-
income
190
240
-
-
total
190
240
-
-
Dividends
1 078
1 360
-
-
withholding
162
204
-
-
total
162
204
-
-
Income
1 600
1 600
1 600
1 600
Total tax
496
444
657
656
After tax
1 104
1 156
943
944
Living cost
186
186
186
186
Free-cash
918
970
757
758

Estimated living cost  is $186 per week

$126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$619
$616
$576
$464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
177
surtax
-
-
-
-
social contributions

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

-
-
-
556
total
-
-
-
733
Employee
419
-
1 293
-
social contributions
46
-
142
-
surtax
-
-
-
-
income
82
-
396
-
total
128
-
538
-
Employer
419
-
1 293
-
social contributions
99
-
307
-
total
99
-
307
-
Corporate
1 082
1 600
-
-
surtax
-
-
-
-
income
227
336
-
-
total
227
336
-
-
Dividends
855
1 264
-
-
withholding
239
354
-
-
total
239
354
-
-
Income
1 600
1 600
1 600
1 600
Total tax
693
690
845
733
After tax
907
910
755
867
Living cost
291
291
291
291
Free-cash
616
619
464
576

Estimated living cost  is $291 per week

$206
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.
$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.
$60
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
$691
$616
$522
$476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
income
-
-
-
399
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
699
Employee
521
-
1 281
-
other
1
-
1
-
income
109
-
362
-
pensions
24
-
47
-
unemployment
8
-
16
-
total
142
-
426
-
Employer
521
-
1 281
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
913
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.

137
240
-
-
total
137
240
-
-
Dividends
776
1 360
-
-
withholding
160
290
-
-
total
160
290
-
-
Income
1 600
1 600
1 600
1 600
Total tax
605
530
745
699
After tax
995
1 070
855
901
Living cost
379
379
379
379
Free-cash
616
691
476
522

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
$1182
$1115
$1073
$1133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
56
unemployment
-
-
-
2
health
-
-
-
43
total
-
-
-
341
Employee
246
-
1 526
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
25
-
153
-
pensions

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

22
-
33
-
total
61
-
207
-
Employer
246
-
1 526
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

27
-
42
-
health
17
-
26
-
total
48
-
74
-
Corporate
1 306
1 600
-
-
income
131
160
-
-
total
131
160
-
-
Dividends
1 175
1 440
-
-
withholding
59
72
-
-
total
59
72
-
-
Income
1 600
1 600
1 600
1 600
Total tax
299
232
281
341
After tax
1 301
1 368
1 319
1 259
Living cost
186
186
186
186
Free-cash
1 115
1 182
1 133
1 073

Estimated living cost  is $186 per week

$123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
$407
$548
$465
$623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
158
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.

-
-
-
461
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.

-
-
-
74
surtax

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

-
-
-
25
total
-
-
-
718
Employee

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

537
-
1 600
-
health

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

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

74
-
74
-
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.

2
-
25
-
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.

44
-
461
-
total
120
-
560
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 063
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.

9
13
-
-
income
159
240
-
-
trade
153
230
-
-
chamber of commerce
3
4
-
-
total
324
487
-
-
Dividends
739
1 113
-
-
surtax

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

10
15
-
-
withholding
181
274
-
-
total
191
289
-
-
Income
1 600
1 600
1 600
1 600
Total tax
635
776
560
718
After tax
965
824
1 040
882
Living cost
417
417
417
417
Free-cash
548
407
623
465

Estimated living cost  is $417 per week

$287
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.
$6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$505
$530
$263
$263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
462
social contributions
-
-
-
260
total
-
-
-
722
Employee
844
-
1 600
-
income
159
-
462
-
social contributions
70
-
260
-
total
229
-
722
-
Employer
844
-
1 600
-
total
-
-
-
-
Corporate
756
1 600
-
-
income
94
200
-
-
total
94
200
-
-
Dividends
661
1 400
-
-
withholding
132
280
-
-
total
132
280
-
-
Income
1 600
1 600
1 600
1 600
Total tax
455
480
722
722
After tax
1 145
1 120
878
878
Living cost
615
615
615
615
Free-cash
530
505
263
263

Estimated living cost  is $615 per week

$468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
$591
$628
$829
$763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
307
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
-
-
-
379
Employee
495
-
1 550
-
income
54
-
345
-
social contributions
50
-
50
-
total
104
-
395
-
Employer
495
-
1 550
-
social contributions
50
-
50
-
total
50
-
50
-
Corporate
1 055
1 600
-
-
income
369
560
-
-
total
369
560
-
-
Dividends
686
1 040
-
-
social contributions
57
57
-
-
total
57
57
-
-
Income
1 600
1 600
1 600
1 600
Total tax
580
617
445
379
After tax
1 020
983
1 155
1 221
Living cost
392
392
392
392
Free-cash
628
591
763
829

Estimated living cost  is $392 per week

$258
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.
$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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
$678
$734
$682
$534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
income
-
-
-
424
pensions
-
-
-
91
total
-
-
-
515
Employee
554
-
1 401
-
health
7
-
22
-
income
101
-
326
-
pensions
42
-
115
-
total
150
-
463
-
Employer
554
-
1 401
-
pensions
56
-
173
-
health
11
-
27
-
total
67
-
200
-
Corporate
980
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.

186
304
-
-
total
186
304
-
-
Dividends
794
1 296
-
-
withholding
60
215
-
-
total
60
215
-
-
Income
1 600
1 600
1 600
1 600
Total tax
463
519
663
515
After tax
1 137
1 081
937
1 085
Living cost
403
403
403
403
Free-cash
734
678
534
682

Estimated living cost  is $403 per week

$277
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.
$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.
$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

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
-$125
$91
$839
$603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
431
pensions
-
-
-
45
other
-
-
-
4
health
-
-
-
23
total
-
-
-
506
Employee
401
-
1 423
-
health
46
-
163
-
income
55
-
320
-
pensions
45
-
82
-
total
146
-
565
-
Employer
401
-
1 423
-
accident
7
-
24
-
unemployment
10
-
35
-
pensions
65
-
118
-
total
82
-
177
-
Corporate
1 117
1 600
-
-
income

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

1 005
1 440
-
-
total
1 005
1 440
-
-
Dividends
112
160
-
-
withholding
21
30
-
-
total
21
30
-
-
Income
1 600
1 600
1 600
1 600
Total tax
1 254
1 470
742
506
After tax
346
130
858
1 094
Living cost
255
255
255
255
Free-cash
91
-125
603
839

Estimated living cost  is $255 per week

$187
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.
$48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
$1201
$1151
$757
$960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
8
health insurance
-
-
-
118
income
-
-
-
259
pensions
-
-
-
294
unemployment
-
-
-
19
total
-
-
-
698
Employee

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

233
-
1 600
-
work injury
1
-
4
-
income
23
-
259
-
pensions
43
-
158
-
health insurance
17
-
64
-
unemployment
3
-
10
-
total
87
-
495
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 367
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%.

14
16
-
-
total
14
16
-
-
Dividends
1 354
1 584
-
-
withholding
203
238
-
-
total
203
238
-
-
Income
1 600
1 600
1 600
1 600
Total tax
304
254
495
698
After tax
1 296
1 346
1 105
902
Living cost
145
145
145
145
Free-cash
1 151
1 201
960
757

Estimated living cost  is $145 per week

$90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$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.
$40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$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
$413
$363
$333
$260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 600
municipal
-
-
-
11
regional
-
-
-
36
national
-
-
-
378
social contributions
-
-
-
412
total
-
-
-
837
Employee
909
-
1 600
-
social contributions
307
-
540
-
regional
14
-
32
-
municipal
5
-
10
-
national
154
-
328
-
total
480
-
910
-
Employer
909
-
1 600
-
total
-
-
-
-
Corporate
691
1 600
-
-
nationa
166
384
-
-
municipal
33
77
-
-
total
199
461
-
-
Dividends
492
1 139
-
-
withholding
128
296
-
-
total
128
296
-
-
Income
1 600
1 600
1 600
1 600
Total tax
807
757
910
837
After tax
793
843
690
763
Living cost
430
430
430
430
Free-cash
363
413
260
333

Estimated living cost  is $430 per week

$302
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.
$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 Rome model

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Estimated living cost

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